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Enerplus increases production estimates for 2013 and sells non-core assets


Published Oct 24, 2013
Enerplus announces strategic oil sands acquisition and equity financing-Spotlight

Enerplus Corporation announce that as a result of strong operational performance, we are increasing our 2013 estimates for annual average and exit production while maintaining our capital spending guidance.

Production for the nine months ended September 30, 2013 averaged 88,300 BOE/day, ahead of our full year forecast of 85,000 BOE/day. During the third quarter, we produced an average of 87,700 BOE/day, down slightly from the second quarter, but in line with expectations due to planned turn-around activity, lower capital spending earlier in the year and the sale of 1,300 BOE/day of non-core production. Production during the third quarter was weighted 48% to crude oil and natural gas liquids.

Tags: Enerplus Corporation




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