Enterra Energy Trust Moves U.S. Head Office to Oklahoma City
* Reuters is not responsible for the content in this press release.
CALGARY, ALBERTA, May 20 (MARKET WIRE) --
Enterra Energy Trust ("Enterra" or the "Trust") has relocated its U.S.
head office to Oklahoma City, Oklahoma. The new office is located at
Suite 325, 4801 Gaillardia Parkway in northwest Oklahoma City. The
Trust's operational centre will remain in Carney, Oklahoma.
"Our team will benefit in many ways from a head office in the State
capital, where the oil and gas industry has a long history and a
well-established community," said John Chimahusky, Enterra's Senior Vice
President and Chief Operating Officer, U.S. Operations. "The move helps
us to more firmly establish Enterra's business presence in the State.
With the current pace of drilling and the inventory of prospects
available to us in Oklahoma, this new office is well suited to attract
and retain high-calibre staff and offers convenient access to technical
and financial services."
Operations in Oklahoma have consistently provided more than 40% of
Enterra's overall production since the Trust acquired the assets in early
2006. There are approximately 70 drilling locations currently identified
on over 48,000 undeveloped acres of land, and the Trust expects to
participate in the drilling of up to 30 wells on Enterra's land in the
area in 2008.
About Enterra Energy Trust
Enterra Energy Trust (TSX: ENT.UN)(NYSE: ENT) is a conventional oil and
gas trust based in Calgary, Alberta. The Trust acquires, operates and
exploits petroleum and natural gas assets principally in western Canada
and in Oklahoma, U.S.A.
Forward Looking Statements
Certain information in this press release constitutes forward-looking
statements under applicable securities law. Any statements that are
contained in this press release that are not statements of historical
fact may be deemed to be forward-looking statements. Forward-looking
statements are often identified by terms such as "may," "should,"
"anticipate," "expects," "seeks" and similar expressions. Forward-looking
statements necessarily involve known and unknown risks, including,
without limitation, risks associated with oil and gas production;
marketing and transportation; loss of markets; volatility of commodity
prices; currency and interest rate fluctuations; imprecision of reserve
estimates; environmental risks; competition; incorrect assessment of the
value of acquisitions; failure to realize the anticipated benefits of
acquisitions or dispositions; inability to access sufficient capital from
internal and external sources; changes in legislation, including but not
limited to income tax, environmental laws and regulatory matters. Readers
are cautioned that the foregoing list of factors is not exhaustive.
Readers are cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Such information,
although considered reasonable by management at the time of preparation,
may prove to be incorrect and actual results may differ materially from
those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
Additional information on these and other factors that could affect
Enterra's operations or financial results are included in Enterra's
reports on file with Canadian and U.S. securities regulatory authorities
and may be accessed through the SEDAR website (www.sedar.com), the SEC's
website (www.sec.gov), Enterra's website (www.enterraenergy.com) or by
contacting Enterra. Furthermore, the forward looking statements contained
in this news release are made as of the date of this news release, and
Enterra does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as expressly required
by securities law.
Contacts:
Enterra Energy Trust
Kristin Mason
Investor Relations Coordinator
(403) 263-0262 or Toll Free: 1-877-263-0262
Email: info@enterraenergy.com
Website: www.enterraenergy.com
Copyright 2008, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters