One-Page Deal Sheet
Enerplus Acquires Marcellus Shale Acerage
Enerplus Corp Not Disclosed
Announced Date
September 23,2010
Close Date
August 23,2010
Transaction Type
Property
Transaction Details: Subscribe to see
On August 23, 2010, Enerplus closed the acquisition of 58,500 net acres of undeveloped land in the Marcellus shale natural gas play in northwest West Virginia and Maryland. The acreage is predominantly located in Preston County in West Virginia and Garret County in Maryland creating a new, concentrated land position that Enerplus will operate with an average 90% working interest. Enerplus has now invested over $150 million in the Marcellus shale gas play in 2010 acquiring two key operated areas comprised of approximately 70,000 net acres in addition to the 127,000 net acres of non-operated…
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