Bellatrix Exploration Ltd. exited 2013 with record production and provides an update of its recent commodity price risk management activities.
2013 has been an extraordinary year earmarked by record production growth, announcing three separate joint ventures designed to accelerate our program on a promoted basis, an equity financing, redemption of its convertible debentures and closing on December 11, 2013 of an impactful corporate acquisition. These strategic transactions strengthen the Company by accelerating our ability to provide shareholder value accretion.
2013 Exit and 2014 Guidance
Bellatrix exited 2013 with a record production level of 38,000 boe/d (weighted total crude oil, condensate and NGLs representing 37%) and with approximately 2,000 boe/d behind pipe waiting to be brought on production due to infrastructure constraints.