Once Saskatchewan’s largest oil company, Crescent Point plans to spend 70% of its capex in Alberta

CALGARY – It wasn’t that long ago that the vast majority of Crescent Point’s capital spending took place in Saskatchewan. But those days are long gone, as the company projects 70 per cent of its future capital spending will be in Alberta’s Duvernay and Montney plays.
On Sept. 11, Crescent Point announced its budget for 2024 as well as it’s five-year outlook, and one thing is clear: the company which used to spend nearly all of its budget in Saskatchewan is now spending most of it in Alberta, and will continue to do so.