Production Rates | Forecast - Production | Capital Markets | Capital Expenditure - 2017
Enerplus Revises Production Guidance on Divestment Announcement
Print
|
Enerplus is adjusting its 2017 guidance to reflect a divestment of producing Canadian property.
With minimal capital allocated to the divested assets, the Company's 2017 capital budget is unchanged.
Production has been adjusted to reflect the approximate nine-month impact of the divested volumes on annual average production, as well as the full impact on fourth quarter production. As a result of the higher proportion of U.S. production following the divestments, the Company's average royalty and production tax rate is forecast to increase by 1% to 24%.
As mentioned above, annual operating expense guidance has been reduced by $0.60 per BOE. Transportation expense is expected to increase by $0.10 per BOE due to the higher proportion of U.S. production, and G&A expense per BOE is expected to modestly increase due to the lower overall production volumes.
The table below provides the Company's updated guidance:
| Revised Guidance | Original Guidance | |
| Capital spending | $450 million | $450 million |
| Average annual production | 81,000 – 85,000 BOE/d | 86,000 – 90,000 BOE/d |
| Q4 average production | 86,000 – 91,000 BOE/d | 92,000 – 97,000 BOE/d |
| Average annual crude oil and ngl production | 38,500 – 41,500 bbls/d | 40,000 – 43,000 bbls/d |
| Q4 average crude oil and ngl production | 43,000 – 48,000 bbls/d | 45,000 – 50,000 bbls/d |
More Forecast - Production News
Coterra Energy Q4, Full Year 2022 Results; 2023 Plans
Coterra Energy Inc. reported fourth-quarter and full-year 2022 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, "Coterra delivered a strong 2022. Outstanding…
Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full-year 2022 and provided 2023 guidance. CEO Bill Way said: "In 2022, the Company delivered…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Murphy Oil to Keep 2021 Spending, Production Near 2020 Levels
In its presentation at the Goldman Sachs Global Energy Conference, Murphy Oil Corp. outlined its capital and production plans for 2021. The company noted that it largely plans…
Ecopetrol IDs 2021 Capex; Bets Bulk on Colombian Ops
Ecopetrol S.A. has approved the 2021 investment plan, which the company has set at a range of $3.5 and $4 billion (at the midpoint, it's slightly lower than…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…