- Bellatrix Exploration (BXE) says it is cutting its 2015 capital budget to $300M from its previously announced expectation of $400M, reflecting a reduced drilling budget and a deferral of the timing of construction of Phase 2 of the deep-cut gas plant.
- BXE also lowers its 2015 production guidance to 47K-48K boe/day (70% natural gas, 30% liquids); the midpoint of the guidance range would reflects a 23% organic growth rate over expected 2014 production of 38.5K boe/day.