Capital Markets | Capital Expenditure | Capital Expenditure 2025 | Capex - 2026
Birchcliff Targets Higher 2026 Output on Larger Capital Budget
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Birchcliff’s updated 2025 plan targets higher production within a tightened capital range, supported by faster cycle times and lower costs. The company increased 2025 annual average production guidance to 79,000 to 80,000 boe/d and tightened 2025 F&D capital expenditures guidance to $290 million to $300 million. Operational efficiencies in Pouce Coupe and Gordondale enabled Birchcliff to drill three additional wells that will be brought on production in Q4 2025, and by the end of November 2025 the company expects to have brought 29 wells on production from five pads.
For 2026, Birchcliff’s preliminary development plan steps up spending and volumes while focusing activity in Pouce Coupe, Gordondale, and Elmworth. The company is targeting $325 million to $375 million of 2026 F&D capital to deliver 81,000 to 84,000 boe/d of annual average production, with 30 to 37 wells planned to be brought on production in Pouce Coupe/Gordondale. The 2026 plan also includes capital for a planned turnaround at the Pouce Coupe gas plant, and continued planning for an Elmworth gas plant with a first-phase capacity of between 80 and 100 MMcf/d.
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