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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 gonatgasgoon May 19, 2021 3:14pm
58 Views
Post# 33231427

RE:RE:RE:RE:RE:Q2 Revenue should be huge

RE:RE:RE:RE:RE:Q2 Revenue should be hugeFair, but according to the most recent presentation, condensate will be about 12% of the 26,000-27,000 boe/d Q2 production  Essentially condensate should be between 3,100 and 3,300 barrels/day.  In Q1, condensate was 2,708.

If they have one of more DUCs of mainly condensate, they should bring it to production as soon as possible.



BeatTheOddsSqua wrote: From the Q1 Press release:

At Crew’s 3-32 pad, four wells were completed in the ultra-condensate rich Upper Montney “B” zone with encouraging initial first month per well average sales rates of 497 bbls per day of condensate, 2.2 mmcf per day of conventional natural gas, and 99 bbls per day of ngl.

Dale mentioned in the subsequent presentation that all 6 of the 3-32 wells were on production. At approximately 500 Bbls/day of condensate per well. That is 3000 Bbls/day of additional condensate production.

On a Boe basis condensate is much more valuable than gas, so although guidence is remaining flat, the weighting toward condensate will increase which should dramatically impact revenue.


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