Exploration & Production | Production Rates | Capital Markets | Capital Expenditure
Birchcliff Spending 266 M, Drilling 25 Wells
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Birchcliff Energy Ltd. has announced its 2014 fourth quarter and 2014 year-end unaudited financial and operational results, provides highlights from its 2014 independent Reserves Evaluation and from its 2014 independent Montney/Doig Natural Gas Resource Assessment, announces its 2015 capital budget, provides updated guidance for 2015 and provides an operational update.
The Corporation is pleased to report that in 2014, Birchcliff achieved record production, funds flow and net earnings, reduced operating costs, added material reserves and contingent resources and enjoyed four material exploration successes providing significant future profitable opportunities. Production for the first 8 days of February averaged approximately 40,000 boe per day. Birchcliff expects average annual…- ✓ Full news archive — U.S., Canada & international coverage
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