Asset purchases in the United States, followed by oil and gas price increases, have paid off for Calgary-based Enerplus Corp., which switched to American production last year. In deals described as a transformation, Enerplus bought into North Dakota and its Bakken Shale formation in the Williston Basin with a $465 million takeover of Bruin E&P…
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Enerplus Builds Bakken Stronghold with Takeover of Pure-Play Bruin E&P
Canadian producer Enerplus Corp. has gained more exposure in North Dakota’s Bakken Shale with a $465 million takeover of Houston-based Bruin E&P HoldCo LLC. The deal announced Monday for the North Dakota assets of the Bakken pure-play is forecast to propel a 20% production jump for Calgary-based Enerplus to a combined 103,500-108,500 boe/d. The acquired…
Abraxas, Enerplus Execs See Bakken as Key for Growth
Abraxas Petroleum Corp. and Enerplus Corp. separately reported production growth in the Bakken Shale during the third quarter.
Enerplus Slashes Capex, Dividend; Focused on North Dakota in 2016
Enerplus Corp. slashed its budget for capital expenditures (capex) in 2016 and cut its dividend by two-thirds, but the company reported progress in paying back its outstanding debt and plans to continue focusing on targets in North Dakota.
Enerplus Sells Non-Core Liquids Assets, Raises Production Guidance
Despite an agreement to sell some of its non-core liquids assets, Enerplus Corp. increased its 2013 estimates for annual average and exit production, thanks to a “strong performance” from its core assets in the Bakken and Marcellus shales.