Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Crescent Point Cuts Spending 28% for 2019; Talks Spending by Area
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Crescent Point Energy Corp. has announced its 2019 budget.
Highlights:- 2019 Capex: $1.2-1.3 billion (down 30% from 2018 ($500 million))
- Production Guidance: 170,000-174,000 BOEPD
2019 Spending by Area*Key Focus is comprised of the Viewfield Bakken, Shaunavon and Flat Lake Plays
*Emerging Plays include the Uinta and Duvernay plays
Key Focus Area: $688 million Emerging / Early Stage: $188 million Other: $375 millionAs part of its waterflood initiatives, Crescent Point plans to convert approximately 145 producing wells to water injection wells in 2019, compared to approximately 70 conversions in 2018. This increase demonstrates the Company's ongoing focus on the consistent advancement of decline mitigation techniques, as previously outlined in its transition plan. Crescent…
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