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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 May 20, 2021 9:04pm
136 Views
Post# 33245868

RE:RE:RE:Groundbirch 4-17 - 3 well pad

RE:RE:RE:Groundbirch 4-17 - 3 well padIntegrity if you go to slide 26 in the presentation, Crew is drilling where the blue star is located.

That group of wells to the east is Shell's main production and you can see how Shell drilled right up against Crew's lands.

Crew was awarded 1P reserves where the pink horizontal lines are to the east of the star, directly  offsetting Shell's producing gas wells.

What Crew did though was instead of drilling the pink well locations which may have been partially drained by Shell's wells, they drilled due west of the star for two sections. They have taken a significant step out from Shell's proven production to prove up new reserves on their lands.

Simply brilliant.
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