Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Enerplus Plans Massive Bakken 2014 Budget;Talks Marcellus
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Enerplus Corporation has updated its fourth quarter 2013 results as well as 2013 year-end operating and financial results.
2014 OutlookWe expect to produce an average of 96,000 - 100,000 BOE/day in 2014, an increase of 9% year-over-year or 8% per share using the mid-point of this range. We expect continued growth from our U.S. oil properties at Fort Berthold where we anticipate that average annual production will increase by approximately 30% in 2014, driving our light crude oil volumes to 67% of our total oil production.
Total crude oil and natural gas liquids production is expected to increase by approximately 12%. Natural gas production is expected to increase by 7% averaging over 300 MMcf per day with the majority of the growth attributable to the Marcellus. Our U.S. assets are…
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