RE:RE:RE:RE:Crew has Nat Gas Hedged over $3 Cdn in ChicagoGONAT I am getting a rough calculation of 25% of Crew natural gas production hedged on AECO at an average price of $2.44 through December 2021and 20% of their natural gas hedged on Chicago starting in Nov 2020 through 2021 that is hedged at $3.25 cdn.
This hedging program reduces risk and ensures that Crew will be able to meet all of their financial obligations through 2021.
The Precision Rig Locator shows Rig #547 as drilling on Crew's second well at 09-05-082-20-W6 which should be close to reaching it's total depth.
Rig Type: Super Triples
Division: PD - CDN Drilling
Rated Depth: 4500 meters / 14760 feet
Power: 1200 hp
Last Update: 08/13/2020
Status: Drilling
Location: 09-05-082-20-W6
It will be interesting to see if Crew can get these wells drilled, completed and tested by December 2020. That timing would allow the wells to be included in their 2020 independent reserve report. A strong reserve report is a critical piece of evaluation data, when you are buying or selling assets or companies.