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Bellatrix Completes Recap; Spirit River Well Results; CapEx

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Bellatrix Completes Recap; Spirit River Well Results; CapEx
FINANCIAL & OPERATIONAL HIGHLIGHTS

Bellatrix’s second quarter 2019 operational and financial performance included the following achievements:

Production volumes in the second quarter of 2019 averaged 35,917 boe/d (71% natural gas weighted). Average production volumes in the first six months of 2019 represented 4% outperformance compared with the mid-point of Bellatrix’s 2019 full year daily average production guidance range (34,000 to 36,000 boe/d). Production expenses in the second quarter of 2019 were $22.1 million ($6.75/boe), compared with first quarter 2019 production expenses of $19.4 million ($5.83/boe). Second quarter production expenditures of $22.1 million ($6.75/boe) included $2.3 million ($0.71/boe) of turnaround costs at Bellatrix operated facilities during the…
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