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Crew Energy Ups Montney Drilling 60% In 2017
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Crew Energy Inc. announced operating and financial results for the three and twelve month periods ended December 31, 2016.
2017 Drilling, Production Plans Rigs Operating : 3 Rigs (Estimate) Wells Planned : 28 Wells (Montney) vs 18 in 2016. Production : 26Mboe/d (mid-point of guidance) Capex/Budget : $200 Million 2017 Outlook Crew currently has three rigs running in the Montney and has 13 wells drilled and awaiting completion. In addition, we have five wells currently flowing back after being completed. Our $200 million capital budget for 2017 anticipates drilling 28 new Montney wells, completing 39 wells, and finalizing the West Septimus facility expansion in the fourth quarter. Our Greater Septimus gas processing complex has incremental processing capacity to manage our near term…- ✓ Full news archive — U.S., Canada & international coverage
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