Crescent Point Energy is a conventional oil and gas producer. But we’re anything but conventional. We’re dynamic, disciplined and driven by results. Learn more about who we are and how we run our business.
Crescent Point Energy is a leading North American light and medium oil producer with head offices in Calgary, Alberta, and Denver, Colorado. Our business strategy is focused on large oil in place resource pools with low recovery factors. Since we began in 2001, we have created value for our shareholders by developing and enhancing each of our resource pools. We have been a pioneer in advancing tight rock waterfloods for secondary oil recovery and implementing new, innovative oilfield technology in order to maximize value for our shareholders. We offer investors a total return strategy of long-term growth plus dividend income. We are passionate about investing in the communities where our people live, work and operate, and continue to proudly support initiatives in education, sports and health, and safety and environment
Since Day 1, Crescent Point has successfully implemented a three-part business strategy to drive shareholder growth in reserves, production and cash flow.
Crescent Point uses its excellent balance sheet and growth capital to acquire focused, long-life, high-quality reserves and production in United States and Canada. We focus on accretive large oil- or gas-in-place acquisitions with stable production profiles and significant development upside.
Crescent Point strives to manage the risks associated with the oil and gas industry and to provide long-term stability to its dividends. To accomplish this, we maintain a strong balance sheet with significant unutilized lines of credit. Crescent Point actively hedges commodity prices, using a rolling 3-½ year price risk management program. We hedge up to 65 percent of after-Crown royalty volumes, using a portfolio of swaps, collars and put option instruments.
Company Name | Crescent Point Energy |
Business Category | Oil & Gas |
Address | Suite 2000, 585 - 8th Avenue SW Calgary Alberta Canada |
President | Scott Saxberg |
Year Established | 2001 |
Employees | 1000 |
Memberships | NA |
Hours of Operation | NA |
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