Crew Energy Announces Alliance Pipeline Force Majeure Causes Temporary Suspension of Montney Production
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/07/15 -- Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") has been informed by Alliance Pipeline ("Alliance") that an operational event on its system has resulted in Alliance requiring natural gas suppliers to suspend pipeline injections. While Alliance has not provided guidance for resumption of service on the system, the current expectation is for service to be returned in three to four days.
Alliance directed Crew to suspend injection into the Alliance Pipeline by 9:00 AM on Friday, August 7, 2015. This suspension will result in a deferral of essentially all of Crew''s Montney production, approximately 60 mmcf per day of natural gas and associated liquids, until the situation is resolved. We are working to mitigate a portion of the lost service however, with ongoing service outages on other pipelines in the region, limited options are currently available. The temporary outage should not affect the continued commissioning of Crew''s new West Septimus facility or the completion of the Lease Automatic Custody Transfer ("LACT") unit tie-in and will allow the Company to conduct minor maintenance on the existing Septimus facility.
On the evening of Thursday August 6th, Alliance advised natural gas suppliers on its pipeline that hydrogen sulfide ("H2S") had entered into its mainline pipeline system as a result of complications experienced by an upstream operator. Alliance has declared this to be a force majeure event and has advised it is actively working to rectify the issue to resume pipeline service as quickly as possible.
Crew Energy Inc. is a dynamic, growth-oriented exploration and production company, focused on increasing long-term production, reserves and cash flow per share through the development of our world-class Montney resource. Crew is based in Calgary, Alberta and our shares are traded on The Toronto Stock Exchange under the trading symbol "CR".
Contacts:
Crew Energy Inc.
Dale Shwed
President and C.E.O.
(403) 266-2088
Crew Energy Inc.
John Leach
Senior Vice President and C.F.O.
(403) 266-2088
Crew Energy Inc.
Rob Morgan
Senior Vice President and C.O.O.
(403) 266-2088
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Datum: 07.08.2015 - 11:20 Uhr
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News-ID 1377779
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