By end of fourth quarter 2012, the Company had drilled 18 (18.0 net) wells with a 100 percent success rate in the Viking area on lands acquired in the Cutpick Energy Inc. acquisition. Crescent Point plans to drill 30 net wells on these lands in 2013. The Company plans to convert an additional three producing Viking wells to water injection wells on these lands in 2013. Crescent Point has also added rail shipping capacity in the area, with current loading capacity of 3,000 bbl/d.
Crescent Point has access to a significant land base in southern Alberta and has been pursuing several exploration projects in the area. In fourth quarter 2012, the Company drilled 8 (8.0 net) wells to follow up on previously drilled unconventional exploration wells in the Alberta Bakken play. These wells are currently under evaluation.
During fourth quarter, the Company participated in the drilling of 33 (8.8 net) oil wells, of which 27 (5.4 net) were in North Dakota, achieving a 100 percent success rate. Crescent Point has been greatly encouraged by the development success and positive reserves revisions in the North Dakota Bakken and Three Forks plays. In 2013, the Company plans to reduce its capital expenditures to $47 million and to drill 2 net wells in the area to take advantage of expected declines in future capital costs in the play.
Of the wells drilled during fourth quarter, 6 (3.4 net) were in the company's new core area in the Uinta basin of Utah. Crescent Point also participated in fracture stimulating 13 (9.1 net) wells. The Company successfully integrated its field operations in the Uinta basin and is well-positioned to execute and achieve its 2013 operating and capital program targets. In all, Crescent Point plans to spend $195 million in the Randlett area of the Uinta Basin in 2013, including the drilling of up to 74 net wells, 2 of which are expected to be horizontal wells in the Wasatch formation.
As part of Crescent Point's ongoing commitment to the environment and to reduce greenhouse gas emissions, Crescent Point has a voluntary reclamation fund for future decommissioning costs and environmental emissions reduction costs. During 2012, the Company contributed $0.50 per produced boe to the fund, of which $0.20 per boe was for future decommissioning costs and $0.30 per boe was directed to environmental emissions reduction.
The reclamation fund increased by $2.7 million during 2012 due to contributions of $18.1 million, partially offset by expenditures of $15.4 million. The expenditures included $12.1 million related primarily to decommissioning work completed in southwest and southeast Saskatchewan, Alberta and Manitoba. The remaining $3.3 million related to environment emissions work completed in southeast Saskatchewan, Alberta and North Dakota to reduce greenhouse gas emissions and to meet and exceed provincial and federal targets. Since inception, $56.0 million has been contributed to the reclamation fund and $45.5 million has been spent.
Effective January 1, 2013, Crescent Point contributes $0.70 per produced boe to the fund, of which $0.40 per boe is for future decommissioning costs and $0.30 per boe is directed to environmental emissions reduction.
In 2012, Crescent Point replaced 208 percent of production on a proved plus probable basis, excluding reserves added through acquisitions. Including acquisitions, the Company replaced 609 percent of production and increased its year-end proved plus probable reserves by 43 percent to 608.8 mmboe and its proved reserves by 42 percent to 400.4 mmboe. Year- end 2011 reserves were 424.8 mmboe proved plus probable and 281.0 mmboe proved.
-- Crescent Point achieved 2012 F&D costs of $19.80 per proved plus probable boe and $26.08 per proved boe, excluding changes in FDC, generating proved plus probable and proved recycle ratios of 2.4 times and 1.8 times, respectively. Including changes in FDC, 2012 F&D costs were $27.25 per proved plus probable boe and $33.04 per proved boe, generating proved plus probable and proved recycle ratios of 1.8 times and 1.5 times, respectively.-- Crescent Point's 5-year weighted average F&D cost, including expenditures on land, seismic and facilities, is $17.34 per proved plus probable boe and $21.94 per proved boe, representing 5-year weighted average recycle ratios of 2.8 and 2.2 times, respectively. This highlights the Company's technical ability to efficiently add value to its large resource-in-place asset base and accurately reflects the full cycle nature of investments in land, seismic and facilities.-- The Company's cumulative proved plus probable technical and development reserves additions since inception increased to 322.0 mmboe, which represents 53 percent of year-end 2012 proved plus probable reserves.