Bellatrix Exploration Ltd (Canada) BXEFF

Energy

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e

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Bellatrix Exploration Ltd (Canada)

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Comment by gasoholicon Feb 17, 2012 5:05pm

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Post# 19552123

RE: Nat gas rig count plunges again

Real long term . There is still a large inventory of wells that have been drilled but are not producing yet . Then the excess production that has been cut in and can be brought back on quickly . Then there is the byproduction from the liquid rich wells that won't be stopped . But the decline rate is high ( 75 % in 1st year from shale wells ) and there will be a good draw on natgas for power production this summer . There are thousands of MW of older coal power plants going down for the count this year .

regards

G

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