Birchcliff Energy Ltd T.BIR

Alternate Symbol(s): BIREF

Energy Oil & Gas E&P

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

Birchcliff Energy Ltd

Bullboard Posts

Post by fergus2on Oct 03, 2014 12:22pm

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Post# 22996097

Weekly Storage comments


2013’s final storage fill number was ………….…………….3814
The final storage number exiting the winter season was…….-826
Injection amount req’d to equal last year’s storage number
= 2992= 2 trillion 992Bcf

And yes that’s quite a daunting figure!!!!!

Weekly	Amt of Each	Remaining		Remaining	Avge Weekly
Injections	Weekly	Amt Req'd		Injection	Injection
Ending:	Injection	to = Last Yr'sTotal		Weeks	to = Last Yr's Total
		2992	/	31	96.5
April 4th	4	2988	/	30	99.6
April 11th	24	2964	/	29	102.2
April 18th	49	2915	/	28	104.1
April25th	82	2833	/	27	104.9
May02nd	74	2759	/	26	106.1
May09th	105	2654	/	25	106.16
May16th	106	2548	/	24	106.16
May23rd	114	2434	/	23	105.8
May30th	119	2315	/	22	105.2
June6th	107	2208	/	21	105.1
June13th	113	2095	/	20	104.7
June20th	110	1985	/	19	104.4
June27th	100	1885	/	18	104.7
July4th	93	1792	/	17	105.4
July11th	107	1685	/	16	105.3
July18th	90	1595	/	15	106.3
Jly25th	88	1507	/	14	107.6
Aug1st	82	1425	/	13	109.6
Aug8th	78	1347	/	12	112.2
Aug15th	88	1259	/	11	114.4
Aug22nd	75	1184	/	10	118.4
Aug29th	79	1105	/	9	122.7
Sept5th	92	1013	/	8	126.6
Sept12th	90	923	/	7	131.8
Sept19th	97	826	/	6	137.6
Sept26th	112	714		5	142.8
Big injection but even bigger miss.So now the total climbs to 142.8 that is now needed each week to equal last years fill at the end of the injection season. The current score card is 26 injections so far and 19 misses. Yesterday's 112 Bcf injection was akin to the industry cramming all it could into storage,- a move typical of this time of year,- akin to throwing the kitchen sink at the problem. However we will now see a tapering in the storage injections from here on in, which is usual for Oct. injections and cooling weather. Even though injections have been heavier than last year I will estimate a 180Bcf shortfall. Remember that the 2013 fill was only the 5th best storage fill on record and in no way could it be categorized as "overfilled." This may turn out to be the lowest storage number since 2008 but we will wait to see if that is confirmed.