Crescent Point Energy sees FY24 capital expenditures C$1.4B-C$1.5B

The company said, “The Company’s previously released 2024 annual average production guidance of 198,000 to 206,000 boe/d and development capital expenditures budget of $1.4 billion to $1.5 billion remain unchanged. This budget remains disciplined and flexible, with a continued focus on allocating capital to the highest-return assets. Approximately 45 percent of Crescent Point’s 2024 budget is allocated to the Alberta Montney, 35 percent to Kaybob Duvernay and 20 percent to Saskatchewan. The Company’s 2024 capital budget, including its base dividend, remains fully funded at approximately US$55/bbl WTI.”