Midstream - Pipelines

Bellatrix Completes Cardium Pipeline Project

Share Print Bookmark    |    Tuesday,April 08,2014

Bellatrix Exploration Ltd. has completed a 1.6 km river bore and a 7 km pipeline in conjunction with Blaze Energy Ltd. completing a 55 km pipeline to tie-in Bellatrix natural gas for processing in the Blaze gas plant located at 04-31-048-12W5.

Bellatrix has secured firm processing capacity of 100 MMcf/d in the plant. The pipeline was commissioned on April 1, 2014 at 11:00am reaching 35 MMcf/d in the first day of operation. In the fourth quarter of 2013 and in the first quarter of 2014, Bellatrix installed a total of 8 field booster compressors located at 13-5-45-9W5 (tie-in point to the Blaze pipeline) with capacity of 97 MMcf/d.

As the pipeline is ramped up to full capacity and current constraints are removed over the next couple of weeks Bellatrix expects that the previously announced production restrictions in west central Albertawill be alleviated.Bellatrix continues to focus on growth by development of its core Cardium and Notikewin/Falher assets utilizing its large inventory of geological prospects.

The Company has developed an inventory of 742 net remaining Cardium locations, 381 net Notikewin/Falher and 128 Mannville locations representing a net remaining investment of $4.97 billion (based on current costs).

Bellatrix has approximately 416,631 net undeveloped acres and including all opportunities of approximately 2,000 net exploitation drilling opportunities identified, with capital requirements of $10.1 billion representing over 30 years of drilling inventory based on current annual cash flow and costs. The Company continues to focus on adding Cardium and Notikewin prospective lands.