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Celebrating growth: Crescent Point’s success in southeast

Crescent Point Energy has been a very supportive company in Carlyle and the surrounding area over the years. Recently they built a new building in Carlyle and are focused on growth.
Crescent Point
Crescent Point held their Grand Opening on Tuesday, June 23, here employees celebrate after the ribbon cutting.

                Crescent Point Energy has been a very supportive company in Carlyle and the surrounding area over the years. Recently they built a new building in Carlyle and are focused on growth.

                Crescent Point was first established in Calgary in 2001 by current President and CEO, Scott Saxberg. Beginning by raising money the company would first acquire assets in Alberta, but the year after it was founded Crescent Point obtained an acquisition in Manor, SK, and has been a factor in the area ever since.

                In 2003 Crescent Point continued to grow its interests in southeast Saskatchewan with acquisitions south of Weyburn and elsewhere in the area. In 2006 they obtained what Ryan Gritzfeldt, VP of Engineering and Business Development East, said was “a significant acquisition in the Bakken.”

                With an emphasis on growth it was in 2009 when Crescent Point took over Talisman’s southeast Saskatchewan assets. With this acquisition came Talisman’s Carlyle office, which turned out to be the perfect location for Crescent Point.

                “We decided to keep that office going,” Gritzfeldt explained. “Carlyle is a great location for us and a great community. I was actually a student who worked for Talisman in 1995 and then I worked as a field engineer, so I worked in the old office and got to know the community.”

                With growth in mind, the small Talisman office was soon outgrown and a larger office building was needed.

                “We opened a new office in Weyburn five-years ago, and it was designed for future growth,” Gritzfeldt said. “Thinking back to Weyburn in 2010 that office was only half filled and now five-years later it’s packed as well.”

                “Our Carlyle office should hold 70 staff, and we’re only close to half right now, maybe 40, so when we began planning this office we kept Weyburn in mind and designed Carlyle’s for future growth as well.”

                Gritzfeldt explained that the company has grown quickly beginning just over 13 years ago with zero barrels of oil produced to now producing 150,000 barrels per day.

                “Carlyle is our central location,” he continued. “We’ve had successful growth in the area and have assets west in the Bakken, east into Manitoba, as well as north and south. It’s a good location for us and we’re excited to give our staff a bright and spacious place to work there.”

                Ground for the new building was broken in April 2014, although planning began in 2012.

                The new building which stands at the intersection of Hwy 9 north and Hwy 13 is approximately 20,000 square feet within its two-storey layout. Within the building are meeting areas, a large board room as well as a smaller board room, numerous offices, a cubicle area for consultants and summer students, and a kitchen.

                “It’s part of the culture we have here, we want people to come together and not just be hunkered down in their offices,” explained Barb Morrison, Team Lead Corporate Facilities.

                One of the rooms Crescent Point is particularly proud of is the Rail Room. The rail room is monitored 24-hours a day and is something unique.

                “We haven’t had a room quite like it before,” Morrison said.

                The Rail Room allows Crescent Point employees to monitor and control each rail car being loaded in the area at the Transfer Station in Stoughton and in Shaunavon, with the intention of setting up monitoring of the rail sites in Utah from the Carlyle office as well.

                The Crescent Point building is therefore based on growth and the company remains dedicated to the area.

                With employees moving in on Monday, June 15, to begin working out of the building Crescent Point hosted a free BBQ for the community on Tuesday, June 23, for their Grand Opening. Many people from Carlyle and the surrounding area attended to learn more about the new structure in town.

                Crescent Point continues to enjoy a mutually beneficial relationship in southeastern Saskatchewan with an office in Carlyle and are committed to the area.

                “We look forward to continuing our investments in community initiatives such as BoogieFest, the Crescent Point Leisure Complex, Classroom Champions, and more,” Anna Palmiere, Community Relations Advisor, explained.

                “We have several years left of drilling inventory in the area and we look forward to continued successful growth,” Gritzfeldt added.

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