Profile: Enerplus Corp (ERF)

ERF on New York Consolidated

12.72USD
17 Apr 2015
Change (% chg)

$0.01 (+0.08%)
Prev Close
$12.71
Open
$12.58
Day's High
$12.95
Day's Low
$12.52
Volume
1,260,337
Avg. Vol
1,402,725
52-wk High
$25.37
52-wk Low
$7.75

Search Stocks

Enerplus Corporation, incorporated on August 12, 2010, is an energy producing company. The Company is engaged in producing low-decline oil and gas assets, along with growth assets in resource plays with economics. The Company engages in oil and natural gas production. The Company has operating interests in properties including: Williston Basin, a crude oil property; Marcellus, a natural gas area consisting of non-operated Marcellus shale gas; Waterfloods, crude oil asset with properties producing formations of Glauconitic, Lower Mannville, Ratcliffe, Cardium and Lloydminster, and Deep Basin, has working interest in Stacked Mannville zones and Willesden Green region with liquid Duvernay formation. The Company also has undeveloped natural gas land position in the liquids Deep Basin area in Western Canada in addition to other conventional natural gas and oil production throughout the Western Canadian Sedimentary Basin.

The Company owns oil and natural gas assets in four areas in Canada and the United States that provide production as well as reserve and production growth opportunities. The Company’s oil portfolio includes opportunities in the Bakken and Three Forks resource play in North Dakota, as well as low decline crude oil production from crude oil waterflood properties across Western Canada. The Company’s natural gas assets include land position in the Marcellus shale gas region in the United States which is a dry natural gas plays in North America.

Williston Basin

The Company’s United States crude oil properties are located in the Fort Berthold region of North Dakota and in the Elm Coulee field in Richland County, Montana. The Company holds an average 90% working interest in both properties.

Marcellus

The Company’s United States natural gas area consists of non-operated Marcellus shale gas interests located in northeastern Pennsylvania, where the Company holds an interest in approximately 53,300 net acres. The Company has a net acreage of 53,300 acres and a future net drilling location of 240 wells.

Waterfloods

The Company’s Canada-based crude oil assets are mature properties that provide cash flow and production growth potential through oil recovery techniques and additional drilling opportunities. The Company’s Canada-based crude oil portfolio includes properties, under waterflood, producing from formations such as the Glauconitic, Lower Mannville, Ratcliffe, Cardium and Lloydminster. The Company’s future net drilling locations are 160 wells.

Deep Basin

The Company’s primary focus area is within the Deep Basin region where the Company holds over 160,000 net acres of working interest lands. These lands include approximately 76,000 net acres targeting the Stacked Mannville zones, 60,000 of which are in the Wilrich formation. The Company working interests includes 85,000 net acres in the Willesden Green region of Alberta, targeting the liquids Duvernay formation. The Canada-based Natural Gas Deep Basin includes: growth area with approximately 450 potential net future drilling locations in the Wilrich and Duvernay; 160,000 net acres of high working interest land; Wilrich drilling development, and Advancing appraisal on Duvernay lands.

Company Address

Enerplus Corp

333 7 Ave SW Suite 3000
CALGARY   AB   T2P 2Z1
P: +1403.2982200
F: +1403.2982211

Company Web Links

Search Stocks