Bellatrix Exploration Ltd. (NYSE: BXE) provided the following operational update and preliminary guidance for 2013.
Bellatrix's field production at the end of September averaged approximately 18,500 BOE/d weighted 35% oil and liquids and 65% natural gas. Production volumes for Q3 will be below expectation averaging between 15,500 BOE/d and 16,000 BOE/d.
Bellatrix continues to expect it will meet its previously announced 2012 calendar year guidance of average daily production of 16,500 to 17,000 BOE/d and an exit rate of 19,000 BOE/d to 19,500 BOE/d.
The third quarter reconstituted drilling program ...