CPG likes Uinta basin horizontals

Williston and Uinta basin light oil producer Crescent Point Energy Corp. (ticker: CPG) renewed its unsecured, covenant-based credit facilities totaling $3.6 billion, with a maturity date extension to June of 2020.

The company reported that as at June 26, 2017, it estimates unutilized credit capacity of approximately $1.5 billion, with no material near-term debt maturities, and has the ability to increase its credit capacity by up to $500 million under certain conditions.

Uinta basin stacked pay second only to Midland

CPG likes Uinta basin horizontals

“In Uinta, we are generating strong drilling results and are excited about advancing the horizontal development of this resource play,” said Crescent Point CEO Scott Saxberg.

Crescent Point Renews $3.6 Billion Credit Facilities

CPG likes Uinta basin horizontals


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