Bellatrix Exploration

Bellatrix Exploration acquired assets in the Alder Flats area of west central Alberta, Canada, from an unnamed producer for approximately USD 118 million in cash. The acquisition increases the buyer’s output by approximately 2,200 BOEPD (80% natural gas, 20% liquids). The transaction increases Bellatrix’s net working interest within the Mannville formation by 57.3% (to approximately 96.9%) over 10 gross sections.