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Crescent Point To Cut Wells Drilled by 15% and Capex By 25% Y/Y

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Crescent Point To Cut Wells Drilled by 15% and Capex By 25% Y/Y

Crescent Point Energy Corp. has detailed its 2021 capital expenditures budget and production guidance.

2021 Plans

  • 2021 Capex: $475 to $525 million
  • 2021 Production Guidance: 108,000 to 112,000 boe/d

Excess cash flow of approximately $150 to $300 million expected in 2021 at US$45/bbl to US$50/bbl WTI. The budget assumes US$40/bbl WTI.

2021 PRODUCTION AND CAPITAL EXPENDITURES BUDGET

Crescent Point's 2021 capital expenditures budget of $475 to $525 million is expected to generate annual average production of 108,000 to 112,000 boe/d. The Company's 2021 capital expenditures budget is reduced in comparison to 2020,

The majority of Crescent Point's 2021 capital expenditures budget is allocated to its key focus areas in Viewfield, Shaunavon and Flat Lake, which continue to…

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