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.

From other sites
Comments (1)
  • 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs