Exploration & Production | Drilling / Well Results
Bellatrix's Cardium Ops Averaged 19,600 BOE/d in November
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Bellatrix Exploration Ltd. has reported that average production in the month of November 2012 (based on field estimates) averaged 19,600 barrels of oil equivalent per day (boe/d) and that it has completed its mid-year review of its 2012 credit facilities and provides an update of its recent commodity price risk management activities.
Bellatrix continues to expect it will meet its previously announced 2012 calendar year guidance of average daily production of 16,500 to 17,000 boe/d and announces that month of November 2012 average field production of 19,600 boe/d had exceeded its exit rate guidance of 19,000 boe/d to 19,500 boe/d. Total crude oil, condensate and NGLs averaged 32% of field production volumes for the month of November 2012.
During the 3rd quarter of 2012, the Company…
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