Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

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Veren Inc

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Comment by poiseon Jul 28, 2015 2:26am

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Post# 23965975

RE:RE:Canadian crude prices already at $30 face more downward pres

Horizontal well drilled, completed and equipped non Fracked is now $950,000. Use to be $1.4 million during the boom. Fracked $1.6 million today. (In SE Sask).
Back in 2005 profits were large at $48 WTI with similar service and well costs. Privates still making huge profits. A very healthy correction folks. Removing the weak and inexperienced companies and leaving the more knowledgable prospering. My fifth downturn and it's always the same story. CPG management all Sask boys which are tough and wise. The secret to success is light oil, massive pipeline capacity and cheap drilling. That's exactly what management is focusing on.
poise.