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Birchcliff Ramps Up Spending, D&Cs; for 2020; Production to Only Grow 4% YOY
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Birchcliff Energy Ltd. has detailed its 2020 capital program, 2020 guidance and new five year plan.
The company is ramping up spending, drilling and completion activity quite a bit (45%, 58% and 69%, respectively).
However, despite these increases, only a slim 4% growth in production YOY is expected.
The program is heavily weighted towards the first half of the year, with the majority of F&D capital expected to be spent by the end of Q2 2020.
2020 PlansBirchcliff's 2020 plan is based on $60/barrel WTI
Plans by AssetApproximately 50% of the program is directed towards Birchcliff’s Pouce Coupe area and approximately 40% towards its Gordondale area.
Pouce Coupe
Approximately 50% of the 2020 Capital Program is directed towards Birchcliff’s Pouce Coupe area. Key focus areas for Pouce…
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