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Enerplus Accelerates Bakken Ops; Cuts Marcellus Activity in 2Q
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Enerplus Corporation reported the results from operations for the second quarter of 2015.
Highlights:Through the second quarter of 2015, Enerplus delivered production growth, improved cost performance and maintained a strong financial position.
Production volumes grew by 7% quarter over quarter to 107,429 BOE per day. This growth was primarily driven by increased activity in North Dakota, where production averaged approximately 27,100 BOE per day, up over 25% from the first quarter of 2015. We also saw growth from our gas portfolio with our Canadian Deep Basin and Marcellus assets showing production increases over the first quarter of 2015. Our production mix was essentially unchanged from the previous quarter, with crude oil and natural gas liquids accounting for 43% of production.
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