Crew Energy Inc. (T:CR)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 250 5 St SW Suite 800 CALGARY AB T2P 0R4 |
| Tel: | N/A |
| Website: | https://www.crewenergy.com |
| IR: | See website |
| Key People | ||
| Dale O. Shwed President, Chief Executive Officer, Director | Michael D. Sandrelli Corporate Secretary | John G. Leach Chief Financial Officer, Executive Vice President |
| James Taylor Chief Operating Officer | Jamie L. Bowman Senior Vice President - Marketing and Originations | Craig Turchak Vice President - Finance, Controller |
| Paul A. Dever Vice President - Government and Stakeholder Relations | Kevin Evers Vice President - Geosciences | Kurtis Fischer Vice President - Planning and Development | Mark Thomas Miller Vice President - Land and Negotiations |
| Business Overview |
| Crew Energy Inc. is a Canada-based natural gas company. The Company's operations are focused primarily in the Montney in Northeast British Columbia (NEBC). It has primarily been focused on continued Montney development of its liquid's rich natural gas area at Septimus / West Septimus (Greater Septimus), and its light oil weighted asset at Tower, British Columbia. Its Montney area assets include Septimus / West Septimus, Tower, Groundbirch, Attachie, Oak/Flatrock and Portage and are situated in northeast British Columbia. Its operations include liquid-rich natural gas and light oil production from the siltstone Montney formation. At up to 300 meters thick, the Montney is developed with long-reach horizontal wells, completed with water-based fracture stimulations. It holds a land base of over 264,000 net acres, out of which approximately 225,000 net undeveloped acres in the Montney with condensate, light oil, liquids-rich natural gas and dry gas. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Crew Energy Inc revenues decreased 32% to C$346M. Net income decreased 55% to C$119.7M. Revenues reflect Natural gas segment decrease of 60% to C$144.7M, Natural Gas Production, Total decrease of 10% to 50.93B cubic feet. Net income also reflects Avg. Production Costs per Barrel, Total increase of 11% to C$7.62 per barrel, Exploration and Development Costs, Total increase of 23% to C$217M. |
| Employees: | 56 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $772.62M as of Dec 31, 2023 |
| Annual revenue (TTM): | $346.04M as of Dec 31, 2023 |
| EBITDA (TTM): | $230.94M as of Dec 31, 2023 |
| Net annual income (TTM): | $119.69M as of Dec 31, 2023 |
| Free cash flow (TTM): | $24.35M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $76.16M as of Dec 31, 2023 |
| Shares outstanding: | 158,066,767 as of Feb 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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