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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.


NYSE:CR - Post by User

Comment by BeatTheOddsSquaon Oct 24, 2020 7:20pm
150 Views
Post# 31777447

RE:Question

RE:QuestionGonat my guess is that they will be drilling 7 wells at 3-32 and 2 wells at the 7-30 location. That is why I mentioned 7-9 wells in my previous post.

I was a bit confused by the status on the 2 wells at the 7-30 pad of drilling suspended, which would indicate that Crew set surface casing at those two locations and then moved over to the 3-32 pad to set surface casing on the remaining 7 locations. Currently it appears that they are drilling the main hole section and/or directional section on the wells at the 3-32 pad.

Crew should still be able to produce their wells during the drilling of the wells however they may have to shut them in during completion operations as I believe they mentioned that they use their pipeline to deliver water for fracing.

As for the 4.25 wells completed, I am unsure of what happened to the 5th well on the 3-32 pad. They may have only completed a portion of the horizontal leg and still have 75% of the reservoir unstimulated in that well. Perhaps they attempted to drill one of the other clinoforms in that well and have only completed the B zone so far. Or perhaps they had problems during the drilling of the well and they are unable to complete the entire horizontal section. That is a good question to ask as that well possibly represents an additional 800 Boe/day from the 3-32 pad.

I am still so excited to see Crew swinging for the fences with their drilling program. Unfortunately we will have to wait a little longer for an update as I noticed they moved the quarterly release date to November 9. 
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