Crescent Point Energy to cut capital spending by 28 pct in 2015
Jan 6 (Reuters) - Crescent Point Energy Corp said it would cut its capital spending by 28 percent in 2015 as oil prices continue to tumble.
The Canadian oil producer said it would spend C$1.45 billion ($1.23 billion) in 2015, mostly on drilling projects.
Crescent Point said it expected average daily production of 152,500 barrels of oil equivalent per day, a 9 percent increase over its estimated 2014 production. ($1 = 1.1762 Canadian dollars) (Reporting by Narottam Medhora in Bengaluru; Editing by Simon Jennings)
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