Wednesday, January 29, 2025
Bellatrix Sells Non-Core Harmattan Assets for $80 Million

Bellatrix Sells Non-Core Harmattan Assets for $80 Million

Western Canadian Producer Sells Acreage to Focus on Spirit River Bellatrix Exploration (ticker: BXE) has announced that it will sell certain non-core assets in the greater Harmattan area of Alberta for $80 million. The deal will close at year-end. The deal will be funded by $65 million in cash and $15 million in a vendor take-back loan with interest of

PDC Energy Targeting 40% Production Growth in 2017

PDC Energy 2017 capital budget and growth both exceed analyst expectations Denver-based PDC Energy (ticker: PDCE) announced its capital budget and production plans for 2017 on Monday exceeding analyst expectations. According to the company’s press release, PDC plans to grow production more than 40% year-over-year with a capital budget of $725 million to $775 million. The budget is about 7%

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million.

Precision Drilling Announces its 2017 CapEx Plan

Precision Drilling has 110 drilling rigs currently running in North America: seeing strengthening demand – 45 rigs under contract for 2017; company has filled 1,000 positions Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million. The company said its 2017 capital expenditure plan would be allocated as follows: $51 million to upgrade existing rigs,