Crescent Point Broadens Role in Canada's Montney Shale

March 29, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Crescent Point Energy Corporation (NYSE:CPG) (Calgary, Alberta) is broadening its role in Canada's Montney Shale with its acquisition of oil and liquids-rich assets in the area from Spartan Delta Corporation (Calgary). Crescent Point will add 600 locations and about 38,000 barrels of oil equivalent per day (BOE/d) to its portfolio.

Industrial Info is tracking more than US$2.2 billion worth of active projects from Crescent Point, about US$638 million of which are located in the Montney. Crescent Point said its newly acquired assets are located near its properties in the Kaybob Field, in Alberta's Duvernay Formation, which the company has been buying up since early 2021.