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Crew Energy: 11 Uncompleted Montney Well Inventory
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Crew Energy Inc. has provided operating and financial results for the three and nine month periods ended September 30, 2015.
Highlights Produced an average 16,773 boe per day for the quarter, 5% lower than the second quarter of 2015 resulting from Crew's decision to preserve value by shutting in approximately 8,000 boe per day for most of the quarter due to extremely weak natural gas pricing in Northeast British Columbia (NE BC) caused by multiple planned and unplanned pipeline service restrictions and curtailments; Substantial incremental production volumes are waiting to be brought on line, over and above shut in production at Septimus, as the Company has an estimated 20,000 boe per day of deliverability from 21 Montney wells drilled and completed plus 11 Montney wells drilled and…- ✓ Full news archive — U.S., Canada & international coverage
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