Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Bellatrix Builds Infrastructure to Handle Core Play Production
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Bellatrix Exploration Ltd. has announced its financial and operating results for the three months ended March 31, 2014.
Bellatrix posted a record quarter highlighted by: Q1 2014 earnings of $25 million ($0.15 per basic share) up 452% over Q1 2013 Q1 2014 funds flow from operations of $78 million ($0.45 per basic share) up 107% over Q1 2013 Q1 2014 production of 35,049 boe/d (35% Oil & NGL's) up 81% over Q1 2013 Revenues of $164 million up 150% over Q1 2013 Capital expenditures of $156 million 100% success in drilling and/or participating in 44 gross / 25.6 net wellsDuring the first quarter of 2014 Bellatrix faced significant production constraints at third party midstream gas processing facilities.
In the Strachan, Ferrier, Brazeau and Pembina areas of West Central Alberta the existing…
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