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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).
[edit] 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.
[edit] 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)
[edit] Corporate Governance
Current members of the board of directors are:
- Peter Bannister (Chairman)
- Paul Colborne
- Ken Cugnet
- Hugh Gillard
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- Gerald Romanzin
- Scott Saxberg
- Greg Turnbull
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[edit] External Links
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