Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Crew Energy Announces First Quarter Montney Update
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Crew Energy Inc. of Calgary, Alberta has presented its operating and financial results for the three month period ended March 31, 2014.
Highlights First quarter production was previously announced on April 9, 2014 and averaged 28,021 boe per day, an 8% increase over the same period in 2013 and a 2% decrease from the previous quarter; Crew completed and tied-in two wells at Septimus that are producing into the Company's gathering system averaging 1,200 boe per day and 1,180 boe per day (16% ngl); The Company updated its Montney Resource Evaluation which increased 20% to 109 TCFE of Total Petroleum Initially in Place (TPIIP) and the Contingent Resource increased 44% to 5.0 TCFE; Crew added strategic production, reserves, land and infrastructure in northeast British Columbia acquiring 1,400…- ✓ Full news archive — U.S., Canada & international coverage
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