Exploration & Production | Forecast - Production | Hedging | Capital Markets | Capital Expenditure | Drilling Program
Bellatrix Exploration Capex at $200 MM
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Bellatrix Exploration Ltd. has announced an updated 2015 net capital budget and operational outlook, and provides an update on its recent commodity price risk management activities.
2015 Revised Capital Expenditure Plans and Operational Guidance In response to continued volatility of oil and gas prices, Bellatrix announces an updated 2015 net capital budget of up to $200 million, reduced from the previously announced $300 million. The revised capital budget is designed to preserve Bellatrix's favorable financial position in the current commodity price environment. Despite the reduced net capital spending plans, Bellatrix's differentiated joint venture strategy provides access to additional third party capital on terms that enhance economic returns, allowing the Company to continue…- ✓ Full news archive — U.S., Canada & international coverage
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