Bellatrix Exploration continues to lower well costs at its operated Spirit River drilling program, with all-in drill, complete, equip and tie-in costs in 2017 averaging $3.8 million per well, below the $4 million budgeted cost level during the year. The company improved that even further for 2018 to date, with all-in costs coming in at under $3.5 million. Bellatrix is focusing on pad drilling, increased monobore-style drilling and reduced nitrogen use in its cost-cutting......
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