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Enerplus to Revise Capital Budget; Marcellus Differentials Deteriorate
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Enerplus has reported a second quarter 2014 update, which includes a revision to its capital budget.
Highlights: Enerplus achieved record production of approximately 104,000 BOE per day in the second quarter of 2014, the highest level in our 28 year history. Daily production was up 5% quarter over quarter, and 15% higher than the same period one year ago. Total liquids production grew by 6% quarter over quarter averaging 43,500 barrels per day driven by the significant growth in light oil from North Dakota. The Marcellus also continued to outperform, increasing our total natural gas volumes quarter over quarter. As a result of continued operational outperformance, we are increasing our annual average production guidance for 2014 by 4,000 BOE per day to 100,000 BOE per day to 104,000 BOE…- ✓ Full news archive — U.S., Canada & international coverage
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