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Weather Impacts Spending, Net Wells for Enerplus
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Enerplus Corporation has announced the results from operations for the first quarter 2014.
Highlights: Enerplus demonstrated continued focus on operational execution under a disciplined capital program in the first quarter, delivering growth in both production and funds flow. Production volumes grew by 5% in the first quarter compared to the fourth quarter of 2013, averaging 98,821 BOE per day. This increase was attributable to record production from the Marcellus, which averaged nearly 180 MMcf per day. While our crude oil volumes were maintained quarter over quarter, adverse weather conditions caused production interruptions in both our Canadian and U.S. operations and slowed capital spending activities. We expect that our crude oil production will continue to grow throughout 2014…- ✓ Full news archive — U.S., Canada & international coverage
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