Reserves
Crescent Point Touts 'Strong' Reserve Additions in 2015
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Crescent Point Energy Corp. reported the results of its year-end 2015 reserves evaluation. Crescent Point's reserves were independently evaluated by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited as at December 31, 2015.
2015 Reserve HighlightsIn 2015, Crescent Point generated its 14th consecutive year since inception of strong organic reserves additions. During the year, the Company invested approximately $1.56 billion into the development and expansion of its asset base, including funds invested in facilities, land and seismic. The Company added more than 65 million boe of Proved plus Probable reserves, excluding reserves added through acquisitions, and generated Finding and Development costs of $9.83 per 2P boe, including changes in future development capital. This…
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