Crescent Point Energy Corp. says it has resumed the production that was shut in due to the Alberta wildfires. The Bald Mountain Wildfire is shown in the Grande Prairie Forest Area on Friday May 12, 2023. This handout image was provided by the Government of Alberta. THE CANADIAN PRESS/HO-Government of Alberta Fire Service **MANDATORY CREDIT **
CALGARY – Crescent Point Energy Corp. says it has resumed production at its operations that were shut in due to the Alberta wildfires.
The company says that over the past week it has brought back on stream the full 45,000 barrels of oil equivalent per day of Kaybob Duvernay production that had been put on hold.
It says no damage has occurred to the company’s assets.
The company maintained its 2023 guidance including annual average production of 160,000 to 166,000 barrels of oil equivalent per day, despite the impact of the fires.
Hot and dry conditions earlier this month forced several oil and gas companies to shut down production due to the threat of wildfires.
Crescent Point says it continues to monitor the situation closely and will manage any potential future temporary shut-ins as required.
This report by The Canadian Press was first published May 29, 2023.
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