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Enerplus Reaffirms One-Rig Bakken Plan; Asset Sales
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Enerplus Corporation reported its results from operations for the first quarter of 2016.
Key Points: Bakken - Running a single drilling rig in North Dakota given the sustained low commodity price environment but retain the flexibility to increase activity quickly given our inventory of drilled uncompleted wells, which stood at approximately 11 at the end of the first quarter. Spent $19.8 million in North Dakota in the quarter drilling 4.4 net wells and bringing 2.5 net wells on-stream. Marcellus - Capital spending in the quarter was $3.5 million, with 1.3 net wells brought on-stream. We continue to plan for modest levels of activity in the Marcellus Canada - Activity was focused on our waterflood assets at Cadogan, Giltedge and southeast Saskatchewan, where we drilled 4 producers…- ✓ Full news archive — U.S., Canada & international coverage
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