Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

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.

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Comment by gonatgasgoon Mar 28, 2021 1:52pm

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Post# 32895150

RE:RE:RE:Question

Thank you for all your work. That would be way ahead of guidance. Hopefully we will hear from Crew on May 6 about all of this.

BeatTheOddsSqua wrote: Gonatgo, here are some rough estimates that I have put together.

Q1/2021 Production Estimate

9-5 West Septimus Pad Q1/21 IP 30 rates for 7 new wells:

7 x 8.2 Mmcf/day = 57.4 Mmcf/day Gas (9567 Boe/day)

7 x 170 Bbls/day = 1190 Bbls/day Condensate

7 x 139 Bbls/day = 973 Bbls/day NGL's

9-5 West Septimus Pad Total average Q1 /2021 = 11730 Boe/day

Expected Q1/2021 Company Production : 11730 Boe/day + 20000 Boe/day = 31730 Boe/day

Note: UCR area production may have been shut-in for UCR 3-32 operations which will reduce production

Note: 9-5 Pad production rates were producing at restricted rates in Q1/2021 so no decline applied

Q2/2021 Production Estimate

9-5 West Septimus Pad Q2/21 IP 30 rates for 7 new wells:

25% Decline: 11730 Boe/day x 0.75 = 8798 Boe/day

3-32 UCR Pad Q2/21 expected rates for 6 new wells:

6 x 3.25 Mmcf/day = 19.5 Mmcf/day Gas (3250 Boe/day)

6 x 360 Bbls/day = 2160 Bbls/day Condensate

6 x 250 Bbls/day (estimate) = 1500 Bbls/day NGL's

3-32 UCR Pad (6 new wells) average Q2 /2021 = 6900 Boe /day.

Expected Q2/2021 Company Production : 15698 Boe/day + 20000 Boe/day = 35698 Boe/day