Enerplus exceeds 2013 production guidance, has record reserve replacement


Enerplus (ERF) says 2013 production grew by more than 9% Y/Y to average 89.8K boe/day, ahead of the company's expectations of 89K boe/day.

Q4 production averaged 94.2K boe/day; due to continued outperformance in the Marcellus shale, natural gas weighting increased to 56% during the quarter.

Proved plus probable company interest reserves grew by ~17% to 406M boe, and added a total of 93M boe of 2P reserves, replacing 284% of production in 2013; 83% of reserve additions were from natural gas.

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  • Michael Blair
    , contributor
    Comments (5099) | Send Message
     
    Enerplus is showing the value of its excellent landholdings and new management focus. This stock should perform well over the next several years.
    4 Feb 2014, 10:20 AM Reply Like
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