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Enerplus' Bakken Production Jumps +33% QOQ; Talks Pad Drilling Results, Efficiencies
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Enerplus reported its Q2 2018 results.
Production - Touts 33% QOQ Bakken Output Growth After Lull- Q2 production of 92.8 MBOEPD (up +8% YOY and up +9% from 1Q18)
33% production growth in North Dakota quarter-over-quarter - this follows Q1's noticeable drop in production from 4Q17 Company liquids production was up 21% quarter-over-quarter, averaging 50,050 barrels per day, achieving the high end of second quarter guidance of 48,000 to 50,000 barrels per day Increasing 2018 annual production guidance to 91,000 to 93,000 BOE per day, from 86,000 to 91,000 BOE per day Bakken - Touts Efficiency Gains and Latest Pad IPsEnerplus brought on-stream 11 gross operated wells (94% average working interest) across two pads at Fort Berthold during the second quarter.
The six-well Cats pad had an…
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