Exploration & Production | Top Story | Capital Markets | Capital Expenditure
Bellatrix Revises 2015 Spending After Prices Drop
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Bellatrix Exploration Ltd. has updated its planned spending for 2015.
The company revised 2015 net capital spending given recent commodity price changes; increased 2014 exit rate and full year 2015 average production guidance.
In light of recent commodity price changes, Bellatrix has prudently revised its 2015 net capital spending guidance to $400 million (from $450 million). The Company remains flexible in its 2015 plans, and can adapt opportunistically to changing market conditions.
Bellatrix is pleased to announce an increase in its 2014 exit rate production guidance range to approximately 47,000 to 49,000 boe/d (from 45,000 to 47,000 boe/d) and an increase to the full year 2015 average production guidance range to approximately 49,000 to 50,000 boe/d (from 48,000 to 49,000 boe/d).
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