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Birchcliff cuts capex, to focus on Pouce Coupe & Gordondale
Birchcliff Energy announced plans to cut its finding and development capital budget nearly 32% to $204 million in 2019 as it focuses on its Pouce Coupe and Gordondale-area assets. The company approved a 2019 finding and development capital budget of $204 million which targets annual production of 456-468 MMcfe/d and which is expected to generate $330 million of adjusted funds flow. The F&D costs for 2018 were $299.7 million.Birchcliff produced ~462.6 MMcfe/d (80% gas)......
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