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Bellatrix Exploration to sell Alberta non-core assets for $34.5M

Published 06/14/2017, 08:56 AM
© Reuters.  Bellatrix Exploration to sell Alberta non-core assets for $34.5M
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BXE
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  • Bellatrix Exploration (NYSE:BXE) agrees to sell non-core assets in the Strachan area of Alberta for $34.5M.
  • BXE says it expects to reinvest part of the proceeds from the sale into its high rate of return Spirit River liquids rich natural gas play to maintain current production volume guidance.
  • Average Strachan production volumes based on June's month-to-date field estimates are ~1,750 boe/day.
  • Now read: Bellatrix Q1 Earnings Analysis


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