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Crescent Point Touts 70% Jump in Uinta Drilling Locations; Williston Downspacing
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Crescent Point reported its Q1 2017 results.
Highlights: Exceeded first quarter 2017 average production guidance. Expect to revisit 2017 budget after spring break-up. Increased horizontal inventory in the Uinta Basin by 80 additional locations, an increase of approximately 70 percent. Operational Highlights: Crescent Point achieved average production of 173,329 boe/d ahead of first quarter guidance of 170,000 boe/d. This is an increase of eight percent compared to third quarter 2016, when the Company accelerated its capital program as a result of the success of its new play development. In the Uinta Basin, Crescent Point expanded its horizontal inventory by internally identifying 80 net new Castle Peak horizontal locations during first quarter. The Company now has a total of…- ✓ Full news archive — U.S., Canada & international coverage
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