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Crescent Point IDs 2018 Capex, Plans; Expands Drilling Inventory at Year-End 2017
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Crescent Point reported its Q4 and full year 2017 results as well as its 2018 outlook.
2018 Plan- 2018 Capex: $1.8 billion (up +24% from $1.45 billion spent in 2017)
Williston: $990 million SW Saskatchewan: $360 million Uinta: $360 million Other: $90 million- 2018 Production: 183,500 boe/d and exit production of 195,000 boe/d (up +7% at the midpoint from 176,000 BOEPD at year-end 2017)
2018 Priorities:
Advance 2-mile development Further delineate western portion of the basin Initiate multi-well pad drilling and completion optimization Continue new play development of additional zones Continue to develop strategy for long-term takeaway capacity 2017 Highlights:Advanced new play development in 2017, resulting in over 1,000 net new internally identified risked drilling locations.
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