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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 Apr 17, 2015 2:30pm
149 Views
Post# 23641543

Today's rig count number

Today's rig count numberAs you can see the rig count continues to come down (-34 today), - in spite of a higher crude price.  We will likely continue to see further attrition until such time as WTI hits the $65.00 level. Don’t expect the weekly numbers to match those earlier big reductions, but they ain’t to be sneezed at either. In aggregate, the number of all land based oil and gas directed rigs (lower 48), now sits at 951, down 49.2% from its 1930 high. And for the present at least, there doesn’t seem to be any suggestion of a change in this downward momentum. 
Bullboard Posts