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Crescent Point Surpasses Exit Guidance; Talks 2014 CapEx
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Crescent Point Energy Corp. exceeded its 2013 exit production guidance of 124,000 boe/d in fourth quarter.
Strong growth continued in December and the Company estimates that it exited the year with a production rate greater than 126,500 boe/d. The Company has continued this momentum into an active start to 2014. Currently, Crescent Point has 24 drilling rigs in operation across its asset base, 19 of which are in the Company's core Saskatchewan Bakken and Shaunavon resource plays. Cold weather this winter has not impacted the Company's operations.
Scott Saxberg, President & CEO, commented: "We're pleased with our first quarter results so far and feel we're in a great position to deliver another strong year to our shareholders. We're focused on applying our 25-stage cemented liner…
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