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Birchcliff Grow Production 32% from 2013
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Birchcliff Energy Ltd. has announced financial and operational results for the first quarter of 2014 with record production, cash flow and earnings, a continued decrease in per unit operating costs and 2014 production and cash flow guidance.
Current Highlights Current production is approximately 32,000 boe per day. Estimated record annual average production of approximately 34,000 boe per day for 2014, representing 32% growth over the annual average of 25,829 boe per day in 2013. Estimated 2014 fourth quarter average production is approximately 38,000 boe per day. Increased credit facilities to $750 million, from $600 million. On schedule and on budget for the Phase IV expansion of the Pouce Coupe South Natural Gas Plant, increasing processing capacity to 180 MMcf per day from 150 MMcf…- ✓ Full news archive — U.S., Canada & international coverage
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