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Crescent Point Sees Savings from Switch to Sliding Sleeve
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Crescent Point Energy Corp. have announced its operating and financial results for the quarter ended June 30, 2015.
Highlights Crescent Point achieved average production of 151,636 boe/d in the quarter, which was weighted 91 percent to light and medium crude oil and liquids. This represents an increase of 10 percent, or more than 14,000 boe/d, over second quarter 2014. Production volumes were higher than expected due in part to a better than expected spring break-up in southern Saskatchewan. During the quarter, the Company spent $270.7 million on drilling and development activities, drilling 185 (142.6 net) wells with a 100 percent success rate. Crescent Point also spent $58.6 million on land, seismic and facilities, for total development capital expenditures of $329.3 million. The Compan…- ✓ Full news archive — U.S., Canada & international coverage
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