TORONTO: Crescent Point Energy Corporation said it would cut its capital spendings by 28 per cent in 2015 as oil prices continue to tumble.
Crescent Point said it expected average daily production of 152,500 barrels of oil equivalent per day, 9 per cent increase over its estimated 2014 production.
The Canadian oil producer said it would spend C$1.45 billion ($1.23 billion) in 2015, mostly on drilling projects.
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