Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/enerplus-closes-purchase-of-bakken-oil-assets-in-m.shtmlEnerplus closes purchase of Bakken oil assets in Montana
Enerplus Corporation report the closing of the previously disclosed acquisition
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Enerplus Corporation report the closing of the previously disclosed acquisition of additional working interests in the Sleeping Giant area in the Elm Coulee field in Richland County, Montana for US$119 million including estimated closing adjustments. This acquisition includes approximately 6.2 million BOE of proved plus probable reserves, incremental daily production of approximately 1,550 BOE/day, and consolidates our working interest to approximately 90% in these operated leases. Total current production including the acquisition is approximately 7,300 BOE/day net to Enerplus.
We have also closed the sale of crude oil assets in Manitoba for $216 million including estimated closing adjustments. These assets were producing approximately 1,600 BOE/day of crude oil under waterflood and had an estimated 8.4 million barrels of estimated proved plus probable reserves associated with them.
