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December 14, 2017

Bellatrix Exploration Announces $60 Million – $80 Million 2018 Budget

December 14, 2017

At $56.60 WTI, Bellatrix targets production volumes between 35 MBOEPD and 37 MBOEPD Bellatrix Exploration Ltd. (ticker: BXE) announced a 2018 capital budget of $60 to $80 million. This budget is designed to create average production volumes of between 35,000 to 37,000 BOEPD. The 2018 capital budget incorporates forward pricing expectations of approximately US$56.50/bbl WTI and $1.70/GJ AECO, underpinned by

Raging River’s $335 Million Budget Aims at 26,000 BOEPD in Q4 2018

December 14, 2017

Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 BOEPD, representing a fourth quarter to fourth quarter production per share growth of greater than 11%. The 2018 capital budget

North Sea oil deliveries halted in first force majeure in decades

December 14, 2017

From Reuters Deliveries of crude oil through the Forties pipeline in the North Sea are under force majeure for the first time in decades and operator INEOS said on Thursday there was no timeline yet for repair work that could last several weeks. The 169-km pipeline, which carries around a quarter of all North Sea crude output and around a

Drillers Flock to Rockies as Sleepiest Shale Corner Awakens

December 14, 2017

From Bloomberg It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado as a way to expand beyond the shale plays of Texas and New Mexico. During the three-year crude-market collapse, as prices fell below $27 a barrel, the Denver-Julesburg Basin northeast of Denver

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