CA - Crescent Point brings back on stream shut-in Kaybob Duvernay production

2023-05-29 08:00:25 ET

• Crescent Point Energy ( NYSE: CPG ) said Monday over the past week, it brought back on stream the full 45K boe/day of production at the Kaybob Duvernay shale play that was shut-in due to the Alberta wildfires.
• No damage occurred to Crescent's ( CPG ) assets.
• The oil producer's guidance for the year is unchanged, including annual average production of 160K boe/day to 166K boe/day, despite the wildfires' impact during Q2.
• Crescent ( CPG ) is monitoring the wildfire situation and will manage potential temporary shut-ins as required.
• The company reactivated some Kaybob Duvernay production a couple of weeks back, but temporarily shut back-in the rest of its 45K boe/day production in the area as a precaution .
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