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One-Page Deal Sheet

Enerplus Sells Certain Mannville Properties for $183 Million

Not Disclosed Enerplus Corp
AnnouncedJan 12, 2016
TypeProperty
Announced Date
January 12,2016
Close Date
February 03,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
183




Snapshot
Asset/Basin:
{"Alberta Deep Basin"}
TargetZones:
{Mannville}
Location
Region
Canada

Country
Canada

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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Transaction Details:  Subscribe to see

Closing Announcement - February 3, 2016

Enerplus Corporation has completed one of the divestments announced January 11, 2016 of certain Canadian natural gas properties for cash proceeds of approximately $183 million, before closing adjustments. Proceeds from this transaction were used to reduce the Company's outstanding indebtedness providing additional financial flexibility.

Production from the properties divested under this transaction was expected to average approximately 4,700 BOE per day (97 per cent natural gas) in 2016.

The second transaction also announced January 11, 2016 relating to…


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Canada Deal Activity In Last 12 Months


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Price History


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