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Birchcliff Energy Increasing Montney 2019 Capex and Wells Planned
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Birchcliff Energy announce its financial and operational results for the three and six months ended June 30, 2019 and an expanded 2019 capital program.
Expanded 2019 Capital Program and Revised Guidance
Birchcliff has expanded its 2019 capital program (the “2019 Capital Program”) to include the drilling and bringing on production of an additional 7 (7.0 net) HZ wells in 2019. F&D capital expenditures are now expected to be $242 million. Birchcliff expects to generate approximately $335 million of adjusted funds flow and $93 million of free funds flow (adjusted funds flow less F&D capital expenditures) in 2019. Birchcliff has increased its 2019 annual average production guidance to 77,000 to 79,000 boe/d from 76,000 to 78,000 boe/d to reflect the expansion to the 2019 Capital Program and…- ✓ Full news archive — U.S., Canada & international coverage
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