One-Page Deal Sheet
Enerplus to Let Go of Large Montney Acreage Package
Not Disclosed Enerplus Corp
Announced Date
November 08,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
130
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Enerplus Corp. has entered into an agreement to sell its Montney interests at Julienne Creek for $130 million.
While we believe the Julienne Creek asset offers significant scope and scale, the natural gas produced in this area is predominantly dry with very little associated natural gas liquids production. Our core assets in the Williston Basin, our waterfloods, the Marcellus and the Deep Basin (Wilrich and Duvernay) provide us with a deep inventory of future drilling prospects that offer more favourable economics and will enable us to grow production, reserves and cash flow in existing…
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