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Low prices prompt Crew to shut in some production in 4Q18
Crew Energy said about 6% of its 2018 production was shut in for most of Q4 because of low oil prices, although the expected 2018 production of 143.1 MMcf/d is within the previously announced guidance of 141-147 MMcf/d. The company’s December production reached 145.2 MMcf/d (70% gas), up from an average Q4 production was 134.4 MMcf/d. About 7.8 MMcf/d of gas and 700 bbl/d of heavy oil was shut in for most of the quarter because of low oil......
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