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Church & Crawford (CCWF) reports its cash flow from March to May 2022, revealing total revenues of $181,407.08 from gas and oil production. The company produced 21,600 mcf of natural gas and has 636 barrels of oil on hand. Currently, 12 gas wells and 5 oil wells are producing, while 30 gas and 50 oil wells are waiting for pipeline connectivity. Future plans include enhancing production and efficiency through capital raises and operational improvements. The company emphasizes its focus on optimizing resources in Oklahoma's oil and gas sectors.
Church & Crawford Inc (CCWF), an oil and gas exploration company, reported a gross revenue of $9,714 since its amalgamation in Q2 2022, with total assets of $52,465,742 as of March 31, 2022. The company's operating expenses were $2,869, resulting in a net loss of $1,816. Notably, the Book Value Per Share (BVPS) rose to $0.54, reflecting an increase compared to the previous year. The company aims to optimize oil and gas production in Oklahoma's Beaver, Canadian, Creek, and Garfield counties.
Church & Crawford Inc (CCWF), an oil and gas exploration and production company, reported a 10% increase in production over the last month due to reactivated wells. The company is updating its reserve evaluation report from 2018 to include new properties. With a focus on Oklahoma's STACK play in the Anadarko Basin, CCWF plans to enhance production on 20 to 30 wells, which will boost revenue and reserves. Management emphasizes reduced production costs and improving rates as part of their operational strategy.
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