Second quarter 2022 results demonstrated continued capital discipline and operational execution, resulting in significant excess cash flow generation.
Crescent Point recently updated its 2022 annual average production guidance to 130,000 to 134,000 boe/d, reflecting the impact of certain non-core asset dispositions, with development capital expenditures unchanged at $875 to $900 million. The Company has controlled a significant portion of its capital costs to-date through its supply chain management while also mitigating potential cost increases through realized efficiencies. Crescent Point continues to monitor its cost assumptions in light of the current inflationary environment.
Oil & Gas Permits
Crescent Point Wells Drilled 2022
Excess cash flow generation is now expected to be approximately $1.4 billion in 2022, assuming US$100/bbl WTI for the remainder of 2022. The Company’s excess cash flow generation continues to be bolstered by its high netback asset base and benefit from its significant tax pools.
Crescent Point Well Permit Summary
Crescent Point remains disciplined in its capital allocation and continues to create value on a per share basis, including its recently announced framework that targets to return up to 50 percent of its discretionary excess cash flow to its shareholders.
Crescent Point Energy News
Crescent Point plans $1.05B to $1.15B in development capital expenditures in Canada for 2024
Crescent Point Announces Sale of its North Dakota Assets
Crescent Point Energy to buy Spartan Delta’s Montney assets for $1.2 bln
Crescent Point Announces Q3 2022 Results and 2023 Budget
Crescent Point Energy reports $1.18-billion first-quarter profit
Crescent Point Announces Q3 2021 Results
Crescent Point Energy Playbook
Crescent Point Energy Corp. First Quarter 2021 Update
