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Stock Market & Financial Investment News

News Breaks
February 21, 2014
06:11 EDTERFEnerplus sees FY14 production 96,000-100,000 BOE/day
The company stated, "We expect to produce an average of 96,000-100,000 BOE/day in 2014, an increase of 9% year-over-year or 8% per share using the mid-point of this range. We expect continued growth from our U.S. oil properties at Fort Berthold where we anticipate that average annual production will increase by approximately 30% in 2014, driving our light crude oil volumes to 67% of our total oil production. Total crude oil and natural gas liquids production is expected to increase by approximately 12%. Natural gas production is expected to increase by 7% averaging over 300 MMcf per day with the majority of the growth attributable to the Marcellus. Our U.S. assets are anticipated to account for over 50% of our corporate production volumes in 2014. The production mix is expected to remain at approximately 48% crude oil and natural gas liquids and 52% natural gas although continued outperformance in the Marcellus could push the natural gas share higher."
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