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 > 2023 Reserves Release

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Comment by gonatgasgoon Feb 05, 2024 6:49am

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Post# 35862475

RE:RE:RE:RE:RE:2023 Reserves Release

We all know condensate production was 7,000 at the end of 2023. We also know there were a number of new wells brought on-line at that time, so the decline rates are quite high for new wells. As a result, without bringing new wells in early 2024, production could not stay at that level.

As for DUCs, I never understand why not to bring these wells on-line as soon as possible. However, I understand that producing wells need to shut down for a couple of weeks during that time.

All of this to say, I would not be surprised if condensate production in 2024 is not higher than 7,000...maybe even a bit lower in 2024 vs 2023.

I hope I am proven wrong.

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