Exploration & Production
Birchcliff Energy Focusing on Reducing Montney Well Cost; Record Production Growth
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Birchcliff Energy, is pleased to announce its operating results for the second quarter of 2012.
Production
Record second quarter 2012 production averaged 22,039 boe per day (76% natural gas and 24% light oil and natural gas liquids) and is 27% greater than the second quarter of 2011.
Birchcliff continues to expect its 2012 exit rate to be approximately 26,000 boe per day.
Montney/Doig Natural Gas Resource Play Update
In the second quarter of 2012, Birchcliff’s activities on the Montney/Doig Natural Gas Resource Play included the drilling of 8 (8.0 net) horizontal wells utilizing multi-stage fracture stimulation techniques. To date in 2012, Birchcliff has drilled and cased 19 (19.0 net) horizontal wells, of which 12 (12.0 net) wells have been completed, and 8 (8.0 net) are on production, 2…
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