Exploration & Production | Operational Updates
Enerplus Ahead of Schedule in Bakken and Marcellus
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Enerplus Corporation has announced they are increasing their 2013 estimates for annual average and exit production while maintaining our capital spending guidance.
Production for the nine months ended September 30, 2013 averaged 88,300 BOE/day, ahead of our full year forecast of 85,000 BOE/day. During the third quarter, we produced an average of 87,700 BOE/day, down slightly from the second quarter, but in line with expectations due to planned turn-around activity, lower capital spending earlier in the year and the sale of 1,300 BOE/day of non-core production. Production during the third quarter was weighted 48% to crude oil and natural gas liquids.
We continue to see strong performance from our core areas in both Canada and the U.S. with our Bakken and Marcellus assets delivering ahead…
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