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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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May 8, 2015
06:06 EDTERFEnerplus seeing encouraging signs in market with costs trending down
Enerplus seeing encouraging signs in the market with a modest recovery in crude oil prices and costs continuing to trend down. Enerplus believes it is well positioned to achieve annual average production guidance range for the year. Enerplus had previously expected FY15 annual average daily production of 93K-100K Boepd. Supported by commodity hedging program and commitment to reducing costs and driving operational efficiencies, Enerplus expects to remain in a position of strength through 2015.
06:06 EDTERFEnerplus reports Q1 production averaged 100,900 Boepd
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