Exploration & Production
Bellatrix Provides Cardium Drilling Update
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Bellatrix Exploration Ltd. is pleased to provide the following operational update and preliminary guidance for 2013. Bellatrix field production at the end of September averaged approximately 18,500 boe/d weighted 35% oil and liquids and 65% natural gas. Production volumes for Q3 will be below expectation averaging between 15,500 boe/d and 16,000 boe/d.
The average volumes were negatively affected by protracted spring breakup conditions, scheduled plant turnarounds, a series of intense localized storms resulting in an unusually high number of occurrences of unscheduled downtime and prolonged wet conditions delaying the third quarter drilling, completion and tie-in program. Power outages caused by power poles being struck by lightning, hail and intense rain shorted out transformers. In…
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