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Bullboard - Stock Discussion Forum 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... see more

TSX:CR - Post Discussion

Crew Energy Inc > Groundbirch 4-17 - 3 well pad
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Post by integrity11 on May 20, 2021 3:35pm

Groundbirch 4-17 - 3 well pad

Does anyone know if the 3 well 4-17 pad on Crew's Groundbirch acreage is being or has been completed in 2021. Crew may have drilled these wells for land retention, but I like the fact they drilled 3 wells on the pad in Q1, 2021.
 

This pad IMO is very significant as will prove up more reserves in the Groundbirch acreage which is significant due to the large land mass Crew holds here. Groundbirch on its own could be a company maker. I do hope that at least one of the 3 wells is or has been completed in 2021 as I would love to see what the production in NG & condensates looks like.

Comment by BeatTheOddsSqua on May 20, 2021 4:06pm
Groundbirch will be huge for Crew and will certainly catch Shell's attention. Crew's ERH (extended reach horizontal) technology has them drilling 2 mile horizontal sections adjacent to Shells core production area. They are extending Shells core development area with these wells. Here is what they say in the Q1/2021 release: Four wells were drilled for land tenure extensions with ...more  
Comment by integrity11 on May 20, 2021 8:35pm
Thanks BTO, I should have re-read the Q1 report. I think this is where Crew should move up some capital to complete these 3 wells ASAP. It appears that a pipeline is already in place although we obviously don't know if the existing pipeline has the capacity to handle the flow from these 3 wells (thats maybe a positive sign). Completing these 3 wells quickly can have a positive effect in a ...more  
Comment by BeatTheOddsSqua on May 20, 2021 9:04pm
Integrity 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 ...more  
Comment by integrity11 on May 20, 2021 10:32pm
Yes BTO I see what you mean. Crew will bring in another rig in the future and drill some wells/legs east to butt closer to the eastern edge of their property & adjacent to the Shell well terminus points.. As this will not prove up additional reserves these legs may not be drilled for a couple  of years, but are probably already planned. I really think these 3 wells are integral to the ...more  
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