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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Crane Co > Haynesville

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Comment by Oldnaggeron Feb 25, 2023 6:03am

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Post# 35304940

RE:Haynesville

Remember that the rates quoted in the article are per rig and not per well

Oldnagger wrote:
The Haynesville region in the USA is a prime region for dry nat gas production. It is also a region that is very dependent on higher prices for drilling to continue. According to the latest drilling productivity report March production should be about 10,711 kscfpd per rig . With a nat gas price of USD 2.50 , that equates to about 26 kUSD per day. Most of the other regions which have higher crude and condensate content are currently looking at returns of 75 kUSD per day or greater
On this basis, there will be a giant sucking sound out of the Haynesville basin until nat gas prices triple
The Haynesville basin has a current production of 16,5 bcf per day and a natural decline rate of 640 million standard cubic feet per day per month
The same logic also extends , but to a much lesser extent to the Marcellus ( Appalachia ) region which is looking at current returns of about 63 k USD per day . The Marcellus has a current production of 35 bcfpd and a natural decline rate of 1.2 bcf per day per month

https://www.eia.gov/petroleum/drilling/pdf/haynesville.pdf

https://www.eia.gov/petroleum/drilling/pdf/appalachia.pdf