Crescent Point Energy

Cresecent Point Energy Corp.

Type	Public company
Industry	basic materials / oil and gas exploration
Founded	2001 as Crescent Point Energy Ltd.
Headquarters	Calgary, Alberta, Canada
Key people	Scott Saxberg, President & CEO Peter Bannister, Chairman of the Board
Products	petroleum, natural gas
Revenue	Cdn$1.5 billion (2010)
Employees	500
Website	Crescent Point Energy Corp.

Cresecent Point Energy Corp. (TSX: CPG) is an oil & gas production company based in Calgary, Alberta, Canada. The company focuses primarily on crude oil production in southern Saskatchewan. As of year-end 2010, Crescent Point employs more than 500 people.

Crescent Point's 2011 capital expenditures budget has been set at $800 million. Execution of the budget is expected to increase average daily production to more than 72,500 boe/d, weighted approximately 90% to oil. Crescent Point expects to exit 2011 producing more than 75,000 boe/d.

Assets & Holdings

Crescent Point has more than 10 billion barrels of original oil in place and a reserve life index of 14.3 years on a proved plus probable basis. The company's two major resource plays are the Bakken, in southeast Saskatchewan, and Shaunavon, in southwest Saskatchewan.

Crescent Point has other key properties in Saskatchewan, including Manor, Tatagwa, Dodsland/Plato and Battrum/Cantuar.

Emerging plays include southern Alberta, where Crescent Point has amassed more than one million net acres of land, and Flat Lake, an area in southern Saskatchewan and North Dakota.

Operating Properties

Please see the corporate website at www.crescentpointenergy.com.

Corporate Governance

Current members of the board of directors are:

Peter Bannister (Chairman) Paul Colborne Ken Cugnet Hugh Gillard

Gerald Romanzin Scott Saxberg Greg Turnbull

References

External links

• Crecent Point Energy Corp.