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Crescent Point Touts Uinta, Bakken IPs; Will Drill Three New Uinta Wells
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Crescent Point Energy Corp. reported its operating and financial results for the quarter ended March 31, 2016.
Key Points: Uinta Basin - the Company's most recent horizontal well results are outperforming expectations with rates of return similar to the Company's top-quartile Viewfield Bakken play. Crescent Point plans to build on this success in 2016 with the drilling of three new horizontal wells. Flat Lake - drilled nine step-out wells during first quarter, which added over 60 new drilling locations and further extended the economic boundaries of the multi-zone resource play. Viewfield Bakken - During first quarter, Crescent Point drilled a total of 50 (49.1 net) oil wells in the Viewfield Bakken resource play. Highlights:In first quarter 2016, Crescent Point continued to…
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