Crescent Point Energy presents at EnerCom’s The Oil & Gas Conference®
During Crescent Point Energy’s breakout session, management was asked the following questions:
- What formations are you targeting in Uinta?
- Can you touch on the market in Uinta?
- How many unbooked locations do you have in Uinta?
- Where do you think you can improve on your well costs in Uinta?
- What do you expect for light oil differentials in Canada?
- With the waterflood, what do you expect in regards to improving credit?
- What do you expect for a response time in those areas?
- Can you go a little in depth in the Q2 acquisitions?
- Are your Viewfield and Uinta waterfloods similar operationally?
- Is the Viking play a core asset for your company?
- How much sand do you use in your water injector fracs?
You can listen to Crescent Point Energy’s presentation by clicking here.
For the company’s quarterly results, click here.
Crescent Point Energy is an oil and gas producer based in Calgary, Alberta, and Denver, Colorado. A large part of their strategy is to actively acquire high-quality, large pools of oil with plenty of long-term upside, then develop and exploit. They have concentrated in the area of southern Saskatchewan, but have also built dominant positions in the Bakken and Shauanavon resource plays. They are also involved in the emerging plays of the Uinta Basin and Torquay play on border of America and Canada.
Moving forward, a top priority is to continue to develop and expand the waterflood program, which has been implemented in all of their major Canadian fields. The gains from successful waterfloods have been significant, leading the company to initiate the first waterflood program in the Uinta Basin in 2015. A 5% increase in the recovery factor could result in an additional one billion barrels of oil reserves, and this can be obtained by the waterflood program.
