Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2018
Bellatrix Shrinking Spending -40% in 2018; Production to Remain Flat
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Bellatrix reported its 2018 capital budget.
Details: 2018 Capex: $65-80 million (down -40% at the midpoint from $120 million spent in 2017) Production Guidance: 35,000 to 37,000 boe/d (flat from 2017) No drilling plans were detailed 2018 Objectives: Completing construction of Phase 2 of the Bellatrix Alder Flats deep cut gas plant with commissioning planned to commence early in the second quarter of 2018. Optimizing forecast return on invested capital through a flexible drilling program focused on Spirit River liquids rich natural gas investment opportunities and higher liquids weighted opportunities in the Cardium play. Maintaining a flexible approach to capital investment with the potential to accelerate or decelerate capital expenditures throughout the year. Enhancing funds…- ✓ Full news archive — U.S., Canada & international coverage
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