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Vol. 20, No. 3 Week of January 18, 2015
Providing coverage of Bakken oil and gas


Crescent Point resigns to axing budget

Citing continuing slide in crude oil prices and high service costs, Calgary-based Bakken operator decides it’s time to cut spending

Gary Park

For Petroleum News Bakken

Two months after serving notice that it did not expect 2015 capital spending to be “significantly” lower than 2014, Crescent Point Energy has been forced to adjust to the rapid slide in crude prices by chopping 28 percent out of its budget. The largest employer of oilfield services in Saskatchewan s....

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