Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Enerplus to sell some of its Alberta natural gas property for $198 million
CALGARY – Enerplus Corp. (TSX:ERF) is selling some of its Alberta natural gas assets for about $193 million.
The Calgary-based company says the properties were projected to contribute the equivalent of 5,400 barrels per day of production in 2016, almost all in the form of natural gas.
In the first nine months of 2015, Enerplus produced an average of 110,800 barrels per day, with about 45 per cent of it from crude oil and natural gas liquids.
In the fourth quarter, the completed the sale of a small portion of its interests in North Dakota for about $80 million.
The Alberta properties in the latest divestment are being sold in two separate transactions but the buyers weren’t identified in the Enerplus announcement.
Enerplus says it plans to release its 2015 year-end results on Feb. 19 and will provide an updated guidance for 2016 by then.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
