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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working 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. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

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Post by fergus2on Jan 03, 2014 8:10am
167 Views
Post# 22055162

Bentek comment this AM for lower 48

Bentek comment this AM for lower 48
Supply/Demand Balance Analytic Report - Demand 5 Bcf/d short of record high
Total demand has surged to 115.9 Bcf/d, an increase of 4.9 Bcf/d compared to Thursday and only 5 Bcf/d short of the record reached in February 2011. The increase was driven entirely by demand in the Northeast which rose 5.7 Bcf/d to 35.9 Bcf/d. Both TCO and Dominion have issued restrictions due to  significantly colder Northeast temperatures. Even with the increased demand Canadian imports remained flat to Thursday at 6.7 Bcf/d. Northeast imports declining 0.2 Bcf/d. Demand is expected to remain above 100 Bcf/d through the middle of next week and reach a record 130 Bcf/d on Tuesday. Production dropped to 65 Bcf/d, a 0.3 Bcf/d slip compared to Thursday, due to declines in the Southeast and and Rockies of 0.2 Bcf/d and 0.1 Bcf/d respectively.less
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