Higher production volumes, lower expenses, continued debt reduction = formula for success
Bellatrix Exploration (ticker: BXE) increased its production volumes in Q3. Production volumes averaged 33,530 BOEPD (72% natural gas weighted). The company is focused chiefly on the Spirit River liquids rich natural gas play in Western Alberta.

The company said production expenses in the third quarter averaged $7.71/BOE, down 2% from 1H 2018.
Alder Flats gas plant more than doubled throughput capacity 
Bellatrix said completion of Phase 2 of the Bellatrix O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats and the redirection of volumes away from higher cost third party plants have contributed to the achieved production expenditure leve...


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