July 27, 2011 / 3:58 PM / 6 years ago

CORRECTED-(July 19)-UPDATE 1-Bellatrix Exploration's Q2 output up sequentially

(In July 19 story, corrects headline, first bullet and paragraph and deletes second bullet and paragraph 4 to show that quarterly production rose 15.5 percent, not fell 3 percent sequentially)

* Q2 production 11,643 boepd vs Q1 10,084 boepd

July 19 (Reuters) - Canadian oil and gas producer Bellatrix Exploration Ltd said second-quarter production rose 15.5 percent sequentially and raised its 2011 exit production forecast and capital budget.

The company, which is focused on oil and natural gas reserves in Alberta, British Columbia and Saskatchewan, had raised its 2011 capital expenditure budget to C$170 million ($176.8 million) from C$100 million.

It now expects 2011 exit production of 15,000 barrels of oil equivalent per day (boepd), up from its prior forecast of 13,000 boepd.

Quarterly production rose 15.5 percent sequentially to 11,643 boepd, weighted 38 percent to oil and condensate and 62 percent to natural gas.

Shares of the Calgary, Alberta-based company closed at C$5.12 on Monday on the Toronto Stock Exchange. ($1 = 0.962 Canadian Dollars) (Reporting by Amruta Sabnis in Bangalore; Editing by Maju Samuel)

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