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Crescent Point's Bakken Ops Hit Production Record
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Crescent Point Energy Corp. has reported its operating and financial results for the year ended December 31, 2012.
Fourth Quarter 2012 HighlightsIn fourth quarter 2012, Crescent Point continued to execute its integrated business strategy of acquiring, exploiting and developing high-quality, long-life light and medium oil and natural gas properties.
Crescent Point achieved a new production record in fourth quarter 2012 and averaged 108,007 boe/d, weighted 90 percent to light and medium crude oil and liquids. This represents a growth rate of 8 percent over third quarter 2012 and 33 percent over fourth quarter 2011. During the quarter, the Company spent a record $405.6 million on drilling and development activities, drilling 169 (127.1 net) wells with a 98 percent success rate. Crescent…- ✓ Full news archive — U.S., Canada & international coverage
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