Brent A. Eshleman, Executive Vice President and Chief Operating Officer of Bellatrix Exploration Ltd. (NYSE: BXE), presented today at EnerCom’s The Oil & Gas Conference® 20.
Bellatrix Exploration Ltd. is a Western Canadian based growth oriented oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan.
In the second quarter of 2015, Bellatrix’s sales volumes averaged 40,426 BOEPD, an increase of 11% from the same quarter of 2014. Capital spending on exploration and development activities in the quarter is reported to be $37.5 million and includes the completion of a deep-cut gas plant.
During the company’s breakout session, management was asked the following questions:
- Can you talk more about your type curves?
- What is the current price strip?
- Can you walk us through the operating environment at Spirit River?
- Are you taking any action on debt reductions?
- Can you talk about your debt? What kind of communication do you have with your shareholders?
- You have $250 million U.S. notes at 8.5%. Do you have a hedging plan lined up for when that expires?
- You drilled through the year. Do you plan to continue drilling?
- Did you receive any capital from joint ventures?
- What is your average production time? How would you lower drilling costs?
- Can you talk about your hedge position?
- What is the theoretical liquidity of Bellatrix?
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