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.

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Birchcliff Energy Ltd > BIR nat gas and liquids inventory?

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Comment by pierrelebelon Jan 23, 2023 6:40pm

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Post# 35241005

RE:BIR nat gas and liquids inventory?

Birchcliff - like other gas producers - does not maintain a large "inventory" of gas.

They have an inventory of "locations" to be drilled over the next many years.

From the recent press release:

As at December 31, 2021, Birchcliff had 730.7 potential net future horizontal drilling locations(8) in its core areas of Pouce Coupe and Gordondale to which proved plus probable reserves have been attributed by the Corporation’s independent qualified reserves evaluator. Assuming an average of 30 net wells required per year, these booked potential locations provide the Corporation with approximately 23 years of drilling inventory(9).
In addition, Birchcliff has identified in Pouce Coupe and Gordondale approximately 3,084 unbooked potential net future horizontal drilling locations(8) as at December 31, 2021, which provide the Corporation with further optionality for future growth.