Birchcliff Energy Ltd 2018 AR2
The report highlights Birchcliff Energy's operational and financial performance for the fiscal year 2018. The company achieved a record average annual production of 77,096 boe/d, representing a 13% increase from 2017, and grew its proved developed producing reserves to approximately 204 MMboe. Birchcliff successfully expanded its Pouce Coupe Gas Plant processing capacity to 340 MMcf/d and reduced its operating costs by 21% compared to the previous year. Additionally, the company advanced its market diversification strategy, increasing its natural gas egress to the Dawn market to mitigate exposure to AECO pricing.
Company: Birchcliff Energy Ltd
Sector: Energy
Country: Canada
Year: 2018
Type: AR2
Pages: 146
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Birchcliff Energy Ltd
Annual Report
The report highlights Birchcliff Energy's operational and financial performance for the fiscal year 2018. The company achieved a record average annual production of 77,096 boe/d, representing a 13% increase from 2017, and grew its proved developed producing reserves to approximately 204 MMboe. Birchcliff successfully expanded its Pouce Coupe Gas Plant processing capacity to 340 MMcf/d and reduced its operating costs by 21% compared to the previous year. Additionally, the company advanced its market diversification strategy, increasing its natural gas egress to the Dawn market to mitigate exposure to AECO pricing.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available