Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2019
Enerplus Bets Bulk of 2019 Capex on Bakken; Ups Completions, Decreases Drilling
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Enerplus reported its 2019 exploration and development capital budget of $565 to $635 million and a three-year outlook through 2021.
**Capital spending plan based on a US$50 to US$55 per barrel WTI oil price environment
Details:- 2019 Capex: $565-635 million (up +3% at the midpoint compared to 2018)
Bakken: $452-508 million (80%) Canada: $42-48 million (7.5%) Macellus: $42-48 million (7.5%) DJ Basin: $28-32 million (5%)- 2019 Production Guidance: 94,000-100,000 BOEPD (up +5% at the midpoint over 2018)
- Well Plans: Drill 51 net wells (including 4 injector/prod. wells in Canada) / Complete 39-47 net wells (this compares to 61 / 39 net wells drilled / completed in 2018 - so completions are up YOY while wells drilled will decline)
Bakken: Drill 42 net wells / Complete 30-38 net…- ✓ Full news archive — U.S., Canada & international coverage
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