Crescent Point Energy released their second quarter 2012 results recently, revealing a new production record.

They averaged nearly 97,000 barrels of oil, representing an overall growth rate of 47 per cent over second quarter 2011.

The company spent $188 million on drilling and development activities, drilling 75 per cent of wells with 100 per cent success rate.

Crescent Point also spent $47.6 million on land, seismic and facilities, for total capital expenditures of $236 million during the quarter.

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