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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Energy Oil & Gas E&P
Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.


TSX:BIR - Post by User

Birchcliff Energy Ltd > Positive for natural gas
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Post by checkupon Oct 31, 2022 3:29pm
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Post# 35061031

Positive for natural gas

Positive for natural gas

US natural gas futures soared 10% to above $6.2/MMBtu on Monday, the highest in two weeks due to a rebound in LNG exports and expectations of higher domestic demand. Average US gas demand, including exports, is set to rise to 101.2 bcfd next week, from 98.3 bcfd this week. Berkshire Hathaway Energy's Cove Point LNG plant in Maryland returned to operations on October 28th after a month-long maintenance while the Freeport plant in Texas is set to at least partially resume production in early to mid-November. Meanwhile, the latest weather forecast from Maxar’s Weather Desk was showing colder trends day/day for the eastern half of the Lower 48 from November 10-14th.


This news release may not be up to date on Freeport plant news.
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