Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/enerplus-completes-sale-of-non-operated-interests-.shtmlEnerplus completes sale of non-operated interests in North Dakota
Enerplus Corporation has completed the previously announced divestment of a portion of its non-operated interests in North Dakota for cash proceeds of approximately $80 million,
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Enerplus Corporation has completed the previously announced divestment of a portion of its non-operated interests in North Dakota for cash proceeds of approximately $80 million, after closing adjustments.
These interests comprise less than 2% of Enerplus' net acreage in North Dakota.
The proceeds from this transaction will be used to reduce the Company's outstanding bank debt. This divestment allows Enerplus to increase its focus on its operated North Dakota acreage.
