Crew Energy Announces 2023 Reserves, 2024 Capital Budget and Guidance
CALGARY, Alberta, Feb. 08, 2024 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR; OTCQB:CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce the results of our year-end 2023 independent reserves evaluation along with our 2024 capital expenditure budget and guidance. Crew’s 2024 budget builds on the success of our 2023 drilling program, efficient execution and asset development, all of which are demonstrated by growth in our 2023 independent reserves evaluation. Production averaged 30,928 boe per day1 in the final quarter of 2023, a 15% increase from 26,834 boe per day1 in Q3/23 and in-line with guidance of 30,000 to 32,000 boe per day.
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