Bellatrix Exploration released the results of two new wells that were drilled in 1Q and completed and tied in during April.
In the first quarter of 2010, the Company successfully drilled and/or participated in 14 gross (8.06 net) wells resulting in 11 gross (6.01 net) oil wells, 2 gross (1.85net) gas wells, 1 gross (0.20 net) gas well is waiting on completion and there were no dry holes.
The Company completed drilling its second 85% W.I. Notikewin horizontal well in the Ferrier area this year. This well was successfully stimulated in the Notikewin utilizing the multi-stage fracturing technique. After 28 hours, all of the load nitrogen gas has been recovered and the well was flowing at 10 mmcf/d with a flowing tubing pressure of approximately 2,850 psi. Bellatrix operated Notikewin gas wells in this area typically produce 35 bbls of liquids per mmcf of gas. The well was placed on production on April 14, 2010 at a restricted rate of 5 mmcf/d.
The Company drilled, completed and tied in a 100% W.I. Cardium horizontal well in the West Pembina area with an initial production rate of 250 boe/d of light gravity crude.
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