Crew Energy Inc T.CR

Alternate Symbol(s): CWEGF

Energy Oil & Gas E&P

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.

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Comment by RJboxeron Dec 11, 2023 4:16pm

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Post# 35778645

RE:RE:RE:Question.

Low prices take care of low prices. There will be some curtailment of NG at these prices. Crew is going to almost double Condensate production in the 4Q, of which there is less than 3 weeks to go.

This from Celius on NG today:

With cheap #natgas prices, weaker wind generation, & (temporarily) more supportive temperatures, powerburn demand is very strong today. As of 1:30 PM EDT, Realtime powerburn is already above 21 BCF/d & could challenge 38 BCF/d by tonight, up over +8 BCF/d vs 2022.

..It won't fix the heating demand problem but it does tighten up underlying fundamentals and mean that, if cold air ever does show up, very strong total demand would drive outsized withdrawals.

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