Canadian independent Crescent Point Energy Corp. is moving its natural gas exposure away from the AECO price point. The company has reduced its AECO exposure to about 20% of production, management said in its fourth quarter earnings call. AECO often trades at a discount to more lucrative markets such as the U.S. Midwest and Gulf…
Crescent Point Energy
Articles from Crescent Point Energy
Crescent Point Casting Off Bakken to Pursue Canada’s Natural Gas
Crescent Point Energy Corp. is dropping out of the Bakken Shale with a $500 million private sale, casting off its North Dakota assets to concentrate on unconventional natural gas in Western Canada. The Calgary-based independent said the transaction is with Kraken Resources, a portfolio company of private equity investor Kayne Anderson Capital Advisors. The package…
August 25, 2023
Crescent Point Boosting Spending for ‘Active’ Oil, Gas Drilling in Kaybob Duvernay
Calgary-based Crescent Point Energy Corp. recorded a 10% increase in natural gas production during the third quarter, but the company is focusing on the Kaybob Duvernay formation for liquids growth over the next five years. Management said natural gas output hit 144.3 MMcf/d during the quarter, up from 130.8 MMcf/d a year earlier. Natural gas…
November 8, 2022
Crescent Point to Hold Spending in Check Despite Stronger Oil, Natural Gas Prices
After regaining financial strength thanks to improved oil and gas prices for growing production, Calgary-based Crescent Point Energy Corp. plans to increase stockholder loyalty rewards instead of accelerating field activity. Crescent Point operates primarily in Alberta, Saskatchewan and the Williston Basin of North Dakota. Crescent Point, which reports in Canadian dollars (C$1.00/US 79 cents), expects…
March 8, 2022
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