Crescent Point Energy Corp (TSX:CPG) News and Share PriceOil & Gas
Oil and gas company, Crescent Point Energy Corp, focuses on light oil production and the development of high-return resource plays.
It manufactures, distributes, produces, develops and explores natural gas reserves, light and medium crude oil through assets in the United States and Western Canada.
The natural gas properties are located in Alberta, Montana, British Columbia, North Dakota and Saskatchewan.
The company aims to develop and create value for shareholders by advancing asset base through exceptional operational performance focused on costs, environment and safety.
Headquartered in Calgary, the oil and gas company was founded in 1994.
Crescent Point has interests in high-value properties, including Kaybob Duvernay asset in Central Alberta, Shaunavon in SW Saskatchewan, Viewfield Bakken and Flat Lake in southeast Saskatchewan and Williams County in North Dakota.
The company owns a significant portion of the Shaunavon resource play asset. The oil pool is projected to provide free cash flow with low-risk growth, the energy company claims. It is reportedly focused on oil recovery programs and waterflood at the property.
North Dakota-based property hosts Three Forks Formations and Bakken assets. The company claims to be operating in North Dakota since 2011 with significant developments in deep and high-pressure reservoirs.
Southeast Saskatchewan's Viewfield Bakken oil pool is said to be the most significant producing resource play in the region, contributing to free cash flow through high returns.
The company claims to moderate decline rates through a waterflood development program and enhance recovery factors at the Viewfield property.
Flat Lake is a multi-zone play that is an extension of the Three Forks play in North Dakota. Since 2012, it has produced a high-netback light oil pool, the company claims.
Kaybob Duvernay, located in Central Alberta, is Crescent Point's other significant property. With attractive economics, the operation reportedly engages low-risk drilling inventory.
The North American oil producer claims to focus on developing high-quality assets and sustainable growth that generate free cash flows and strong returns. In addition, the oil and gas company claims to follow and promote Environmental, Social and Governance practices across its operations and developments.
Suite 2000, 585 8 Avenue S.W. Calgary, AB Canada T2P 1G1