Post by
gonatgasgo on Apr 16, 2024 8:50am
Crew's Production at these prices
The text below is from their annual report. As we know, they were drilling quite a bit in Q1.
Active Q1 Capital Program – Our previously announced Q1/24 net capital expenditure forecast remains unchanged and is designed to:
Allocate $75 to $85 million of net capital expenditures.
Drill six (6.0 net) wells, complete five (5.0 net) wells and equip and tie-in 11 (11.0 net) Montney wells in Q1/24.
Result in forecast average Q1/24 production of 29,000 to 31,000 boe per day, which includes the impact of an anticipated 2,100 boe per day of production that is currently shut-in for offsetting completion and construction operations.
One would think that these wells must be producing at full capacity right now. I am not sure what the price of condensate is right now, but WTI in C$ is over C$117. Crew was saying last year that 1,000 boe/d of Condensate at C$100 was generating $30M of AFF annually.