CALGARY,
AB, May 16, 2023 /CNW/ - Crescent Point Energy
Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG)
advises that it has shut-in its Kaybob Duvernay production due to
the ongoing Alberta wildfires. A
portion of this production was recently reactivated in the prior
week, however Crescent Point is temporarily shutting back-in the
remainder of its 45,000 boe/d of production in the area as a
precautionary measure due to changing wildfire conditions. No
damage has been reported to the Company's assets.
Crescent Point continues to work with local officials,
regulators, and industry partners to ensure everyone's safety in
the area and plans to restart production once permitted to do so.
The Company will provide another update to this evolving situation
when appropriate.
Crescent Point continues to thank its staff, industry partners,
emergency responders and firefighters for their hard work and
dedication to protecting our communities.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Shant
Madian, Vice President, Capital Markets, or
Sarfraz Somani, Manager,
Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/crescent-point-energy-provides-further-update-on-alberta-wildfires-301826121.html
SOURCE Crescent Point Energy Corp.