By Robb M. Stewart
Crescent Point Energy Corp. shifted its annual production target higher after what it said was continued operational outperformance as well as the reactivation of higher cost production that was previously shut-in during a period of lower commodity prices.
On 2021 production:
Crescent Point on Wednesday said it now expects 2021 annual average production 130,000 to 134,000 boe/d, up from a prior range of 128,000 to 132,000 boe/d.
Average production in second quarter was 148,641 boe/d, comprised of about 85% oil and liquids, compared with 120,842 boe/d a year earlier.
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