Birchcliff Energy Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Christopher Andrew Carlsen
- Full Time Employees
- 231
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 600 - 3rd Avenue SW Calgary AB Canada T2P 0G5
- IPO Date
- Jun 24, 2008
- Website
- birchcliffenergy.com
- Similar Companies
- Business
- Birchcliff Energy Ltd. is an intermediate oil and natural gas company focused on the exploration, development, and production of natural gas, light oil, condensate, and natural gas liquids (NGLs) from its Montney/Doig resource play assets in the Peace River Arch region of Alberta, Canada; core products include dry natural gas from the Pouce Coupe area (91% working interest, 100% owned and operated Pouce Coupe Gas Plant with capacity up to 180 MMcf/d), liquids-rich natural gas and light oil from the Gordondale area (75% working interest, operated Gordondale Gas Plant with 120 MMcf/d capacity and deep-cut liquids recovery), and emerging Montney/Doig inventory in the Elmworth area (approximately 140 net sections); the company owns extensive infrastructure for gas processing, field compression, water management, and direct pipeline connections to optimize netbacks and serves diversified markets including AECO (17%), Dawn (44%), Henry Hub (37%), and Alliance (2%) for natural gas, with LPG exports of propane via Ridley Island and butane via Ferndale terminal tied to premium Far East Index pricing. Founded in 2004 and headquartered at Suite 1000, 600 – 3rd Avenue S.W., Calgary, Alberta, Birchcliff maintains a low-cost structure through infrastructure ownership and control, targeting intermediate producers and LNG export opportunities with multi-decade drilling inventory exceeding 700 net locations; it employs 231 people and holds gross proved plus probable reserves of 994 MMboe as of December 31, 2023 (reserves life index of 36 years based on 76,000 boe/d production). Recent developments include a strategic Q4 2024 acquisition of Montney sections, roads, and infrastructure adding 250 boe/d production for $8 million cash consideration; assumption of operatorship of the Gordondale Gas Plant on July 1, 2024 under a long-term contract with AltaGas (extending to 2032) to enhance operating efficiencies, reduce downtime, and boost NGL recoveries; announcement of a 2025 budget with $260-$300 million F&D capital for 25-30 wells and average production guidance of 76,000-79,000 boe/d (disciplined growth to 87,500 boe/d by 2028); ongoing Elmworth delineation with two wells drilled in Q3 2024 and planning for a new 100% owned gas processing facility; and a stable $0.40 annual base dividend per share yielding 7.8% as of November 2024, supported by Q3 2024 results of 75,403 boe/d production (83% natural gas weighting) and $45.2 million adjusted funds flow.
Birchcliff Energy Ltd. Announces Voting Results From 2026 Annual and Special Meeting of Shareholders
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Birchcliff Energy Ltd. Announces the Filing of its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2025 and Provides Operational Update
Birchcliff Energy Ltd. Announces Unaudited 2025 Full-Year and Fourth Quarter Results, 2025 Reserves Highlights and Appointment of Chris Carlsen to the Board of Directors
Birchcliff Energy Ltd. (OTCMKTS:BIREF) Short Interest Up 57.7% in January
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Birchcliff Energy Ltd. Receives TSX Approval for Renewal of Normal Course Issuer Bid
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Birchcliff Energy Ltd. Announces Q3 2025 Results, Increased 2025 Production Guidance and Preliminary 2026 Budget and Declares Q4 2025 Dividend
Birchcliff Energy Ltd. (OTCMKTS:BIREF) Given Average Recommendation of “Strong Buy” by Brokerages
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Birchcliff Energy: Growing In The Montney, Rating Upgrade
Birchcliff Energy Ltd. Announces Voting Results from 2025 Annual Meeting of Shareholders
Birchcliff Energy Ltd. Announces Strong Q1 2025 Results and Declares Q2 2025 Dividend
Birchcliff Energy Ltd. Announces Updated 2025 Guidance, Elmworth Well Test Results and the Filing of Its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2024
Birchcliff Energy Ltd. Announces Unaudited 2024 Full-Year and Fourth Quarter Results and 2024 Reserves Highlights