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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 BeatTheOddsSquaon Apr 06, 2021 11:41am
125 Views
Post# 32941658

RE:Crew Pad 4-14

RE:Crew Pad 4-14Gonatgo, Crew has spud 9 wells on the 4-14 UCR Pad. As of April 5, 3 of them have been drilled with 6 wells left to be drilled to total depth. The BOE report doesn't have the proper Company identifier number for these wells it appears, so they are not showing up when you search Crew.

Crew are drilling wells like crazy and they have a ton of DUC wells now that they can complete in order to maintain or increase production. They are possibly in the best position in the history of the company in regards to their ability to grow and maintain production. They really appear to have "cracked the code" on their Montney lands.

An asset sale and commodity prices remaining steady will go along way to cleaning up their balance sheet.

CREW HZ SEPTIMUS K04-14-082-19 DRILLING SUSPENDED 2021-03-21
CREW HZ SEPTIMUS G04-14-082-19 DRILLING SUSPENDED 2021-03-21
CREW HZ SEPTIMUS C04-14-082-19 DRILLING SUSPENDED 2021-03-21
CREW HZ SEPTIMUS J04-14-082-19 DRILLING SUSPENDED 2021-03-23
CREW HZ SEPTIMUS B04-14-082-19 DRILLING SUSPENDED 2021-03-23
CREW HZ SEPTIMUS F04-14-082-19 DRILLING SUSPENDED 2021-03-23
CREW HZ SEPTIMUS 04-14-082-19 RIG RELEASED 2021-04-05
CREW HZ SEPTIMUS D04-14-082-19 RIG RELEASED 2021-04-05
CREW HZ SEPTIMUS H04-14-082-19 RIG RELEASED 2021-04-05

The 6-23 lease retention well for Attachie which was moved from Q4 to Q1/2021 has also been drilled. Crew has now met all of their required drilling commitments to have their Attachie leases continued. Those lands will be appealing to ARC/Seven Gen and probably other Montney players.
 
CREW HZ MONIAS 06-23-083-23 RIG RELEASED 2021-03-27
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