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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

Bullboard Posts
Post by fergus2on Oct 31, 2014 10:57am
109 Views
Post# 23081531

Final Injection season numbers for 2008-2013

Final Injection season numbers for 2008-2013 Here are the “end of injection season final figures” for 2008 through 2013. Although the end of October is the traditional cut-off to the injection season sometimes increases to “aggregate storage” can continue into the 1st week and even very occasionally into the second week of Nov. The figures I report here are the absolute highpoint storage amounts for each of these years. 2008 3488 2009 3837 2010 3840 2011 3852 2012 3929 2013 3834 2014 *3600 Estimate only *If we assume the worst case scenario of 70Bcf injection for next week and 20Bcf and 10Bcf for each of the 1st two weeks in Nov. we would get a final injection amount for 2014 of 234Bcf shortfall over last year. Subtract that from last year’s 3834 and you get 3600. So you can see that 2014 will be the lowest injection amount since 2008. We have not seen the end of the tail wind from last winter just yet. Alberta’s projected shortfall of 100Bcf+ makes Cdn storage even worse than the U.S figure given that our production is significantly less than the U.S. I have commented many times that in the last 1 1/2 years the industry has steadily managed the gas directed rig count lower and I have seen nothing lately to make me change my mind. The fact that nat-gas sells for more than ethane might in fact mean that there is more demand for it and better pipeline takeaway. That’s at least one interpretation for that anomaly.
Bullboard Posts