Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 February 6, 2015 - 7:30 AM EST
Print Email Article Font Down Font Up Charts
Bellatrix to present at the upcoming 2015 NBF Energy Conference and announces updated commodity risk management contracts


CALGARY, Feb. 6, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that Ray Smith, President & CEO, and Steve Toth, VP Investor Relations will be attending the 2015 NBF Energy Growth Income Conference on Wednesday, February 11, 2015 in Toronto, Ontario.

Bellatrix recently added to its 2015 risk management program with the addition of 50 MMcf/d of natural gas fixed price swaps for the period of March 1 through December 31, 2015 at C$2.95/Mcf.  Additionally 3,000 bbl/d of fixed price crude oil hedges were entered into for the period of February 1 through December 31, 2015 at C$70.34/bbl.  Including our previously announced hedging contracts, the Company has protected approximately 90% of forecast natural gas volumes through the summer season (April through October) compared with the mid-point of our current annual average production guidance range.  

In summary, Bellatrix has the following natural gas and crude oil commodity price risk management contracts in place for 2015.  The conversion of $/GJ to $/Mcf is based on an average corporate heat content of 40.8 Mj/m3 and oil hedges are Canadian dollar WTI equivalent.  All hedges denoted in Canadian dollars.




Average Price

Natural gas

March 1, 2015 to March 31, 2015

50 MMcf/d


Natural gas

April 1, 2015 to October 31, 2015

157 MMcf/d


Natural gas

November 1, 2015 to December 31, 2015

50 MMcf/d


Crude oil

February 1, 2015 to December 31, 2015

3,000 bbl/d



A copy of the updated corporate presentation is available on Bellatrix's website at

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.  Common shares of Bellatrix trade on the Toronto Stock Exchange and on the New York Stock Exchange under the symbol BXE.

SOURCE Bellatrix Exploration Ltd.

Steve Toth, CFA, Vice President, Investor Relations (403) 750-1270; or Troy Winsor, Investor Relations (800) 663-8072; Bellatrix Exploration Ltd., 1920, 800 - 5th Avenue SW, Calgary, Alberta, Canada, T2P 3T6, Phone: (403) 266-8670, Fax: (403) 264-8163, www.bellatrixexploration.comCopyright CNW Group 2015

Source: Canada Newswire (February 6, 2015 - 7:30 AM EST)

News by QuoteMedia