Enerplus Corp (ERF) CEO Ian Dundas on Q3 2021 Results - Earnings Call Transcript

Enerplus Corp (ERF) Q3 2021 Earnings Conference Call November 5, 2021 11:00 AM ET

Company Participants

Drew Mair - Manager, IR
Ian Dundas - President & CEO
Wade Hutchings - SVP & COO
Jodi Jenson Labrie - SVP & CFO

Conference Call Participants

Aaron Bilkoski - TD Securities
Travis Wood - National Bank Financial

Operator

Good morning, ladies and gentlemen, and welcome to the Enerplus Q3 2021 Results Conference Call [Operator Instructions]. As a remainder, this call is being recorded on Friday, November 5, 2021. And I would now like to turn the conference over to Mr. Drew Mair, Manager of Investor relations. Please go ahead.

Drew Mair

Thank you, operator, and good morning, everyone. Thank you for joining the call. Before we get started, please take note of the advisories located at the end of our third quarter news release. Our financials have been prepared in accordance with U.S. GAAP. All discussion of production volumes today are on a gross company working interest basis, and all financial figures are in Canadian dollars unless otherwise specified. I'm here this morning with Ian Dundas, our President and Chief Executive Officer; Wade Hutchings, Senior VP and Chief Operating Officer; Jodi Jenson Labrie, Senior VP and Chief Financial Officer; Shaina Morihira, VP, Finance; and Garth Doll, VP, Marketing. Following our discussion, we will open up the call for questions.

And with that, I will turn it over to Ian.

Ian Dundas

Good morning, all. We achieved another company production record in the third quarter with volumes of over 123,000 BOE per day, 7% higher than the prior quarter and 36% higher than the prior year period. This momentum is expected to continue in the fourth quarter with production set to increase to between 124,500 to 128,500 BOE per day. We've moved the midpoint of our annual 2021 production guidance higher