Crescent Point Energy Trust

Crescent Point Energy Trust

Infobox_Company
company_name = Cresecent Point Energy Trust
company_
company_type = Public company
foundation = 2001 as Crescent Point Energy Ltd.
location = Calgary, Alberta, Canada
key_people = Scott Saxberg, President & CEO
Peter Bannister, Chairman of the Board
industry = basic materials / oil and gas exploration
num_employees = 99 (2008)cite web |url=http://zenobank.com/index.php?symbol=CA;CPG.UN&page=quotesearch |title=Company Profile for Crescent Point Energy Trust (CA;CPG.UN) |accessdate=2008-10-08]
products = petroleum, natural gas
revenue = $411 million [Cdn] - (2006)
homepage = [http://www.crescentpointenergy.com/index.html Crescent Point Energy Trust]

Cresecent Point Energy Trust (TSX|CPG.UN) is an oil & gas production income trust company based in Calgary, Alberta, Canada. Primarily focusing on crude oil and natural gas, primarily in southeastern Saskatchewan. Crescent Point employs 73 people (as of 2006), almost $1.375 billion in assets, and produces an average of 27,572 barrels of oil equivalent per day (3rd quarter 2007), with a production mix 86% light and medium oil and 14% natural gas (Q3 2007).

Assets & Holdings

Crescent Point has 3.1 billion barrels of original oil in place and a reserve life index of 12.0 years on a proved plus probable basis. At least 75% of the companies revenue is driven from the SE Saskatchewan area. Crecent Point has been very active acquiring SE Saskatchewan producers, so their assets are continually growing. Crecent Point is aggressively identifying take-over targets producing from the Bakken Formation in SE Saskatchewan.

Operating Properties

*John Lake, Alberta (approx. 2,000 boe/day)
*Sounding Lake, Alberta (approx. 1,100 boe/day)
*Worsley, Alberta (approx. 1,250 boe/day)
*Battrum, Saskatchewan (approx. 2,200 boe/day)
*Cantuar, Saskatchewan (approx. 2,800 boe/day)
*Manor, Saskatchewan (approx. 3,600 boe/day)
*Tatagwa, Saskatchewan (approx. 2,500 boe/day)
*Viewfield, Saskatchewan (approx. 12,000 boe/day)

Corporate Governance

Current members of the board of directors are:

References

External links

* [http://www.crescentpointenergy.com Crecent Point Energy Trust]


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