Bellatrix Exploration Ltd. provide an operational update and updated 2014 guidance.
Unscheduled Temporary Downtime in West Central Alberta
The successful application of horizontal drilling and slick water fracturing technology in West Central Alberta has resulted in producers overwhelming the existing processing and gathering infrastructure. This has resulted in area producers experiencing gas processing constraints since mid-December 2013. Bellatrix has built an infrastructure that facilitates delivery of the Company's gas production to 10 third party operated gas processing plants in the area. In an effort to alleviate these processing constraints the area plant operators are building out additional infrastructure and upgrading the various plants to optimize throughput. To accomplish this goal many of the existing facilities are extending their previously scheduled plant turnarounds while others are invoking unscheduled outages to facilitate maximizing throughput capability for the remainder of 2014.