Exploration & Production | Production Rates | Forecast - Production
Bellatrix Running 8 Rigs, Holding Guidance Despite Plant Downtime
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Bellatrix Exploration Ltd. has been put on notice that two third party operated gas plants in the Ferrier / Willesden Green area are going offline during the third week of September 2014.
Assuming the plants are offline for the expected timeframe, these temporary plant outages are expected to result in an aggregate net production restriction of 30,000 boe which is estimated to have an average impact on Bellatrix's net production of 1,000 boe/d for the month of September.
After giving effect to the aforementioned and continued tightness in available processing capacity, Bellatrix's daily production is anticipated to average approximately +/- 40,500 boe/d in the third quarter of 2014.
This would represent an 11% increase over second quarter 2014 production volumes of 36,342 boe/d and an 85%…
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