Exploration & Production | Operational Updates | Reserves | Drilling Program
Crew Energy Focuses on Montney Projects in Q1
Print
|
Crew Energy Inc. has announced the results of its independent reserve evaluation for the year ended December 31, 2014 as prepared by Sproule Associates Ltd., which is outlined in more detail below.
2014 Highlights Through an active and successful drilling program, the Company added 108.4 mmboe of proved plus probable ("2P") reserves, which contributed to a reserve replacement ratio after net dispositions of 362%; We realized particularly strong results in our Tower light oil area in the Montney, where 2P reserves increased significantly from 0.8 mmboe in 2013 to 14.2 mmboe in 2014; Crew has experienced a consistent improvement in estimated ultimate recoveries ("EURs") at Septimus, with our average 2P reserves per booked location increasing from 2.6 bcf in 2011, to 3.2 bcf in 2012, to 4.3…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Reserves News
W&T Offshore Fourth Quarter, Full Year 2022 Results; 2023 Guidance
W&T Offshore, Inc. reported operational and financial results for the fourth quarter and full year 2022, including the Company's year-end 2022 reserve report. Guidance for 2023 was also…
Sitio Royalties Fourth Quarter, Full Year 2022 Results; IDs 2023 Guidance
Sitio Royalties Corp. announced operational and financial results for the quarter ended December 31, 2022. 2023 Guidance The table below includes Sitio's guidance for full year 2023. The…
Coterra Energy Q4, Full Year 2022 Results; 2023 Plans
Coterra Energy Inc. reported fourth-quarter and full-year 2022 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, "Coterra delivered a strong 2022. Outstanding…
Civitas Resources Q4, Full Year 2022 Results; 2023 Capital Plans
Civitas Resources, Inc. announced its fourth quarter and full-year 2022 financial and operating results, as well as its 2023 outlook. 2023 Capital Plans 2023 guidance is shown below.…
Coterra Energy Third Quarter 2022 Results
Coterra Energy Inc. reported third-quarter 2022 financial and operating results. Thomas E. Jorden, Chief Executive Officer and President, commented, "Coterra continues to execute and has delivered another strong…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…