Is Crescent Point Pulling Out Of North Dakota? -- August 27, 2013

A reader sent me this:

Have also noticed that Crescent Point Energy has had little to no activity in the area just to the north of these wells; some of their permits are about to expire.

Does anyone know what happened to Crescent Point? Are they concentrating their efforts in Canada and Utah? 

This might explain some of the back story, posted back in May 14, 2013 (when you get to the link, scroll down to the original post):

http://themilliondollarway.blogspot.com/2013/05/crescent-points-ceo-calls-north-dakotas.html

Crescent has 8 active permits in North Dakota. Interestingly, none of the permits/wells below have a date for coming off the confidential list suggesting they have not been spud.

• 22323, 181, Crescent Point, CPEUSC Makowsky 31-30-158-99W, t10/14; cum 108K 2/16;
• 24062, 505, Crescent Point, CPEUSC Narcisse 8-5-158N-99W, t12/14; cum 103K 2/16;
• 24072, 342, Crescent Point, CPEUSC Holmes 8-5-158N-100W, t3/15; cum 84K 2/16;
• 24451, 128, Crescent Point, CPEUSC Ruby 17-20-158N-100W, t3/15; cum 66K 2/16;
• 24695, 297, Crescent Point, CPEUSC Campbell 7-6-158N-100W, t3/15; cum 68K 2/16;
• 24710, PNC, Crescent Point, CPEC Marino 25-36-162N-102W,
• 24719, PNC, Crescent Point, GO-Riders 158-99-1522H, 
• 25055, 288, Crescent Point, CPEUSC Dressler 36-25-158N-100W, t9/14; cum 114K 2/16;

And more concerning, Crescent has no active drilling rigs listed in North Dakota today. 

Crescent Point Energy corporate presentations are located here. The August, 2013, presentation:

• the company has 6,680 net wells in its "development inventory" but only 575 are in the US (ND/MT)

I didn't find the presentation particularly enlightening, but certainly nothing to suggest much interest in North Dakota Bakken right now.