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Enerplus has IDed its Q4 2017 production at 88,600 BOEPD, above its fourth quarter guidance range of 86,000 to 88,000 BOE per day, and an increase of 12% YOY.
The production outperformance in Q4 was driven by higher than forecasted North Dakota volumes (which averaged approximately 35,500 BOE per day).
20% Upswing in Oil / NGL Production YOY
The Company's crude oil and natural gas liquids production averaged approximately 46,750 BPD in Q4, also above its fourth quarter guidance range of 45,000 to 46,000 barrels per day of crude oil and natural gas liquids, and an increase of 20% from the third quarter of 2017.
Marcellus Production
Strong unrestricted Marcellus production in November and December in response to improved realized natural gas prices also helped support fourth quarter volumes. Marcellus production averaged approximately 193 MMcf per day in the fourth quarter, which takes into account 35 MMcf per day of price related production curtailments during the month of October.
Bakken Production
The production outperformance in the fourth quarter was driven in part by higher than forecasted North Dakota volumes which averaged approximately 35,500 BOE per day, representing a 70% increase from the first quarter of 2017.
Operatioins Map
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