Well Lateral Length | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Crew Cuts 2018 Capex Over 60%; Will Focus On Completing DUCs
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Crew Energy has reported its 2018 outlook.
Details:- 2018 Capex: $80-85 million (down -65% from $235 million spent in 2017)
- 2018 Production: 23,500 to 24,500 BOEPD (flat from 2017)
Targeting Increased Liquids & Condensate Revenue: Liquids production is expected to represent 50 to 60% of Crew’s total revenue in 2018, highlighted by an over 30% increase in forecast condensate production in the first quarter of 2018 compared to the first quarter of 2017.- Well Plans: Drill 4 net wells / Complete 15 (13.2 net) wells at West Septimus
Drilling and completions activity will continue to focus on liquids-rich opportunities In addition, the Company plans to drill horizontal wells with lateral lengths that are over 30% longer, adopt tighter frac spacing and increase frac stages per well…- ✓ Full news archive — U.S., Canada & international coverage
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