Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Enerplus Talks 2013 Production, Reserve Growth; Outlines 5-Year Plan
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Enerplus Corporation has detailed production and reserve results for the year ended 2013. Highlights include:
2013 Production Annual average production grew by over 9% in 2013 to average 89,800 BOE per day, ahead of our expectations of 89,000 BOE/day. Production during the month of December averaged 99,600 BOE per day, exceeding our expectations due to continued outperformance in the Marcellus, which averaged 170 MMcf per day during the month. Fourth quarter 2013 production averaged 94,200 BOE per day. As a result of the Marcellus performance, the natural gas weighting increased to 56% during the quarter. 2013 Year-End Reserves Proved plus probable company interest (2P) reserves grew by over 17% to 406 MMBOE. On a per share basis, 2P reserves increased by 15% year-over-year. Added 78…- ✓ Full news archive — U.S., Canada & international coverage
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