Bellatrix Exploration – Oil & Gas 360

Bellatrix Sells Non-Core Harmattan Assets for $80 Million

Bellatrix Announces Sale Transaction in Connection with its Strategic Process

April 23, 2020

360 News Wire CALGARY, Alberta, April 23, 2020 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a sale transaction (the “Transaction”) pursuant to which Return Energy Inc. (to be renamed Spartan Delta Corp.), through its wholly-owned subsidiary, Winslow Resources Inc. (the “Purchaser”), will acquire substantially all of the assets of Bellatrix for cash consideration of $87.4 million

Bellatrix Plans Stable Production in 2019

January 16, 2019

CapEx funded by operating cash flow Bellatrix Exploration (stock ticker: BXE) announced fourth quarter production and 2019 plans, offering an example of how a micro-cap producer deals with the current oil and gas environment in Alberta. Bellatrix produced about 35.1 MBOEPD in Q4, giving the company an overall 2018 output of 35.6 MBOEPD. This surpasses expectations, as the company’s 2018

Bellatrix Renews Credit Facility and Borrowing Base

November 30, 2018

Bellatrix Exploration Ltd. (stock ticker: BXE) recently completed the renewal and extension of its syndicated revolving credit facilities and the semi-annual redetermination of the borrowing base. The term of the credit facilities has been renewed to May 30, 2019 and remains extendible annually thereafter at the option, subject to lender approval. If not renewed in May 2019, the credit facilities

Bellatrix Spirit River Stacked Pay - Oil & Gas 360

Bellatrix Makes Asset Acquisition

November 27, 2018

Calgary’s Bellatrix Exploration Ltd. (stock ticker:BXE) has reported its plans to acquire complementary assets within its core Ferrier area of west central Alberta.

The company plans to acquire the assets from POSCO Daewoo E&P Canada Corporation for total consideration of approximately $9.5 million. Bellatrix also updated its commodity risk management contracts.

Bellatrix Clears Path that will Allow Production Volumes to Grow Beyond 60,000 BOEPD

November 8, 2018

Higher production volumes, lower expenses, continued debt reduction = formula for success Bellatrix Exploration (ticker: BXE) increased its production volumes in Q3. Production volumes averaged 33,530 BOEPD (72% natural gas weighted). The company is focused chiefly on the Spirit River liquids rich natural gas play in Western Alberta. The company said production expenses in the third quarter averaged $7.71/BOE, down

Bellatrix Buys Back Ferrier Acreage

October 4, 2018

West Central Alberta-based Bellatrix Exploration Ltd. (ticker: BXE) announced today that it entered into an agreement with Grafton Energy Co. I Ltd. The agreement states that Bellatrix will acquire all Grafton’s remaining assets in Bellatrix’s core Ferrier area for further development and production in the Spirit River formation. Great Ferrier Area Core Spirit River Play Source: Bellatrix Exploration Ltd

Exclusive Interview: Steve Toth, VP investor Relations & Corporate Development for Bellatrix Exploration

September 12, 2018

Exclusive Interview with Steve Toth, VP investor Relations & Corporate Development Bellatrix Exploration. Oil & Gas 360’s Angie Austin conducted the interview at the recent EnerCom conference in Denver. At the recent EnerCom conference in Denver, Oil & Gas 360® interviewed Steve Toth, Vice President of Investor Relations & Corporate Development for Bellatrix Exploration (ticker: BXE). Toth joined Bellatrix

Blue highlighted dates indicate companies that hit 52-week lows in May 2019. Source: Johnson Rice & Company - Oil & Gas 360

Bellatrix Exploration Ltd. Announces Second Quarter 2018 Financial and Operating Results

August 2, 2018

Bellatrix Exploration Ltd. Announces Second Quarter 2018 Financial and Operating Results

Bellatrix Exploration Presenting at The Oil and Gas Conference

July 26, 2018

Bellatrix Exploration Ltd. (TSX/NYSE: BXE) Company Overview Bellatrix is a western Canadian focused intermediate oil and natural gas producer currently producing approximately 35,000 boe/d. The company is known for its high-quality asset base located in the Deep Basin of Alberta with multi-zone potential for light sweet oil in the Cardium and high impact liquids-rich natural gas in the Spirit River

Bellatrix Exploration to Present at The Oil and Gas Conference

July 18, 2018

Bellatrix Exploration Ltd. (TSX/NYSE: BXE) Bellatrix Exploration Ltd is a Calgary, Alberta-based intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas in the Western Canada Sedimentary Basin. Its two core resource plays are the Spirit River and the Cardium formations in Western Canada. In Q2 Bellatrix started phase two of its O’Chiese Nees-Ohpawganu’ck deep-cut

Bellatrix Starts Phase 2 at Adler Flats

April 3, 2018

More than doubling throughput capacity, Bellatrix Exploration Ltd.’s (ticker: BXE) O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats can now process 230 MMcf/d. The Adler Flats Plant was fully commissioned in mid-March and began selling volumes on March 19, 2018. Bellatrix said that the plant was brought on-stream ahead of schedule and was delivered ~5% under budget. Previously, the plant

Bellatrix Exploration Working on Spirit River, Cardium; $65-$60 Million CapEx in 2018

March 14, 2018

Bellatrix Exploration Ltd. (ticker: BXE) had a net loss of CDN$13.1 million, or $(0.26) per share. For 2017, the company reported a net loss of $91.4 million, or $(1.85) per share. Bellatrix produced approximately 37.1 MBOEPD in Q4 2017. The company drilled and/or participated in 2 gross (1.9 net) Spirit River wells during the fourth quarter of 2017. Completion and

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