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Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is a Canada-based natural gas company. The Company’s operations are focused primarily in the Montney in Northeast British Columbia (NEBC). It has primarily been focused on continued Montney development of its liquid’s rich natural gas area at Septimus / West Septimus (Greater Septimus), and its light oil weighted asset at Tower, British Columbia. Its Montney area assets include Septimus / West Septimus, Tower, Groundbirch, Attachie, Oak/Flatrock and Portage and are situated in northeast British Columbia. Its operations include liquid-rich natural gas and light oil production from the siltstone Montney formation. At up to 300 meters thick, the Montney is developed with long-reach horizontal wells, completed with water-based fracture stimulations. It holds a land base of over 264,000 net acres, out of which approximately 225,000 net undeveloped acres in the Montney with condensate, light oil, liquids-rich natural gas and dry gas.


TSX:CR - Post by User

Comment by downwithdotcom1on Feb 15, 2021 11:59am
110 Views
Post# 32568322

RE:Any comments/thoughts on Crew's Heavy Oil Drilling?

RE:Any comments/thoughts on Crew's Heavy Oil Drilling?no surprise here go where the money is...WCS prices have ballooned in lock step with WTI-easy to drill, fast to put into production-CR has made a number of attempts to sell their heavy oil assets but they have most always done well with oil as part of their portfolio. Also, there could be lease committments to maintain. All great news -hopefully, CR is getting in large on these spot market prices...dwdc
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