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Birchcliff Energy Ltd. Announces 2026 Budget and Guidance and Updated Five-Year Outlook
CALGARY, Alberta, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“ Birchcliff &...
About this update from Birchcliff Energy Ltd.
[{"type":"text","content":"Birchcliff Energy Ltd. Announces 2026 Budget and Guidance and Updated Five-Year OutlookProfitable Production Growth Forecast to Reach 105,000 boe/d Annually by 2030\nCALGARY, Alberta, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2026 budget and guidance and its updated five-year outlook for 2026 to 2030. The Corporation also announces that Birchcliff’s board of directors (the “Board”) has declared a quarterly cash dividend of $0.03 per common share for the quarter ending March 31, 2026. Chris Carlsen, Birchcliff’s President and Chief Executive Officer, commented: “In 2025, we demonstrated the strength of our business by continuing to deliver on our strategy of improving capital efficiencies and driving our costs lower through disciplined execution. We expect that we will achieve record average production in 2025 of approximately 80,000 boe/d and average production of approximately 82,500 boe/d in Q4 2025(1) with estimated annual F&D capital expenditures of approximately $300 million.(2) We look forward to releasing Birchcliff’s unaudited financial and operational results for the year ended December 31, 2025 on February 11, 2026. Our priorities are unchanged for 2026 – profitable production growth by fully utilizing our existing infrastructure, strengthening our balance sheet and paying a sustainable base dividend. Our 2026 capital program has been designed with the optionality to adjust as required throughout the year in response to changes in commodity prices, with an F&D capital budget of $325 million to $375 million that includes approximately $25 million directed towards progressing the development of our Elmworth area. This level of capital spending is expected to deliver average production of 81,000 to 84,000 boe/d in 2026, representing year-over-year production growth of approximately 1% to 5%. Production is expected to reach ~87,500 boe/d in Q4 2026 at the high end of capital spending, fully utilizing our existing infrastructure in Pouce Coupe and Gordondale approximately one year ahead of our previous five-year outlook.(3) Our five-year outlook for 2026 to 2030 is designed to deliver long-term shareholder value by utilizing internally generated adjuste...