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Crescent Point Talks Uinta, Duvernay Q1 Activity; Touts Production

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   |    Wednesday,April 04,2018

Crescent Point has detailed its Q1 2018 drilling activity.

Uinta Basin Activity

Current production from the combined Wasatch and Uteland Butte zones is ahead of expectations at approximately 3,100 boe/d after 45 days and is comprised of approximately 93 percent oil and liquids.

Furthermore, production from the Company's Castle Peak well is now increasing since coming back online and has already produced over 205,000 boe in less than 230 days. Crescent Point is currently completing another stacked horizontal development targeting the same three zones.

Duvernay Activity

The company holds 355,000 net acres in the Eastern Duvernay play.

To date, Crescent Point has participated in two gross (one net) non-operated horizontal wells with a lateral length of one-and-a-half-miles, the first of which has flowed at an impressive initial 30-day and 90-day rate of approximately 570 boe/d and 515 boe/d respectively, comprised of approximately 92 percent oil and liquids.

The second well has been flowing for less than 30 days with initial rates similar to the first well. The Company is currently planning to drill a total of four operated net wells in the first half of 2018.

 

 

 

 



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