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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

Post by gonatgasgoon Jan 26, 2024 11:35am
147 Views
Post# 35847111

Freeport LNG faces month-long unit outage due to winterstorm

Freeport LNG faces month-long unit outage due to winterstormhttps://boereport.com/2024/01/26/freeport-lng-faces-month-long-unit-outage-due-to-winter-storm/


Freeport LNG faces month-long unit outage due to winter storm



Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather, the company said on Friday.

Heather is the name given to a deep freeze that spread across Texas and much of the U.S. earlier this month, placing high demand on the state’s power grid.

“One of our refrigeration electric motors at our liquefaction facility experienced an electrical issue that will necessitate a replacement of the motor with an on-hand spare,” a company spokesperson said.

One of Freeport’s three liquefaction units, called Train 2, shut on Jan. 16 and then again on Jan. 22, while Train 3 shut on Jan. 17, according to company filings with Texas environmental regulators.

Each of the three trains at Freeport can turn about 0.7 billion cubic feet per day of gas into LNG. One billion cubic feet of gas is enough to supply about 5 million U.S. homes for a day.

The amount of natural gas flowing to the seven big U.S. liquefied natural gas export plants has fallen by around 6% so far in January from a record high in December, due mostly to the slow return of feedgas from last week’s Arctic freeze.

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