History/Timeline

  • 2001 - Crescent Point Energy begins to trade on the Toronto Stock Exchange as a junior exploration and production company.
  • 2002 - In its first full year of operations, the Company increases average daily production to 1,974 boe/d from 275 boe/d in 2001. Crescent Point shares begin trading on the TSX, after graduating from the TSX Venture Exchange.
  • 2003 - Crescent Point Energy converts to a trust after merging with Tappit Resources Ltd. and continues to acquire high-quality assets in western Canada.
  • 2004 - Crescent Point increases proved plus probable reserves by 42 percent, production by 70 percent and cash flow by 91 percent, all while maintaining excellent balance sheet strength.
  • 2005 - The Trust increases monthly distributions by 18 percent, from $0.17 to $0.20 per unit, announces a new core area in southwest Saskatchewan and increases production to 12,164 boe/d.
  • 2006 - Crescent Point completes more than 10 acquisitions during the year, including several consolidation acquisitions, and executes a successful drilling program, increasing average daily production by 70 percent to 20,723 boe/d.
  • 2007 - In February, the Trust completes its largest acquisition to date: the $628 million acquisition of Mission Oil & Gas Inc. The acquisition increases the Trust’s asset base to more than 2.5 billion boe OOIP and includes a controlling interest in the Viewfield Bakken resource play.
  • 2008 - Crescent Point expands and consolidates the southeast Saskatchewan Bakken light oil resource play and also announces a 21 percent equity ownership in Shelter Bay Energy Inc., a private growth corporation led by Crescent Point management.
  • 2009 - In July, Crescent Point converts from an income trust to a dividend-paying corporation to allow the Company to continue implementing its business plan. The initial dividend is set at $0.23 per share.
  • 2010 - Crescent Point completes the acquisition of Lower Shaunavon assets from Penn West Energy Trust, as well as the corporate acquisitions of Ryland Oil Corp. and Shelter Bay Energy Inc. The Company announces the acquisition of more than one million net acres of exploratory land in southern Alberta.
  • 2011 - Crescent Point announces a position in two emerging plays: the Beaverhill Lake light oil resource play in Alberta and the North Dakota Bakken/Three Forks play along the U.S./Canada border. The Company opens an office in Denver, Colorado, to pursue its business strategy in the U.S.
  • 20122012 - Crescent Point achieves record production, averaging 98,751 boe/d over the year and 108,007 boe/d in the fourth quarter. The Company also completes more than $3 billion in acquisitions, consolidating key resource plays and establishing the Uinta Basin as a new core area.
  • 2013 -Crescent Point executes strong organic production growth, growing average daily production to more than 120,000 boe/d. The Company continues to refine and implement its cemented liner completion technique and waterflooding programs, while developing its high-quality asset base.
  • 2014 -On January 22, 2014, Crescent Point shares opened for trading on the New York Stock Exchange. To celebrate the listing, Scott Saxberg, President and CEO of Crescent Point, rang the Opening Bell on March 24, 2014. 
  • 2015 - Crescent Point increases its high-quality asset base organically and by acquiring Legacy Oil + Gas Inc. and Coral Hill Energy Ltd. The Company lowers its cost structure and takes steps to eliminate fresh water usage in Saskatchewan. Waterflood programs continue to expand Company-wide.
  • 2016 - Crescent Point grows its drilling inventory by approximately 1,000 net locations, supported by its organic new play discovery program in the emerging Flat Lake and Uinta basin resource plays. In Uinta specifically, Crescent Point led the industry in the advancement of horizontal development.