Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
Marcellus, Bakken E&P Pumps Up Budget 109% for 2017; C$450MM
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Enerplus announced its 2017 capital budget, an operational update, and a production outlook through 2019 (amounts in C$).
Enerplus' 2017 capital budget is C$450 million (up +109% from C$215 million for 2016) Fourth quarter 2017 total production guidance is 92,000 – 97,000 BOE per day (comparable to 93,000 BOEPD for 2016) Total of 36 net wells planned 30 net Bakken completions 6 net Appalachia completions Highlights of the $450 million capital budget: Company liquids production is expected to increase approximately 25% from the beginning of 2017 to the fourth quarter of 2017 driven by Enerplus' high rate-of-return North Dakota development, where total production is expected to grow by approximately 50% over the same period Fourth quarter 2017 liquids production guidance is…- ✓ Full news archive — U.S., Canada & international coverage
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