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Enerplus concludes sale of Canadian natural gas properties


Published Feb 4, 2016
Enerplus Corporation-3

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.

Tags: Enerplus Corporation




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