Canada's Crescent Point Energy reports jump in production

Wed Mar 11, 2015 8:39am EDT
 
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March 11 (Reuters) - Canadian oil and gas producer Crescent Point Energy Inc reported a 7 percent rise in funds flow from operations in the fourth quarter, helped by a jump in production.

Funds flow, a key measure of Crescent's ability to fund new drilling, rose to C$572.9 million ($452.1 mln) from C$533.3 million a year earlier.

Average production rose 21 percent to 153,822 barrels of oil equivalent per day (boepd) from 127,641 boepd. ($1 = C$1.2671) (Reporting Manya Venkatesh in Bengaluru)