Enerplus lowers capital spend in Canada to 7.5% amid energy crisis [Business News Network (BNN) Energy & Resources (Canada)]
Enerplus Corporation (ERF)
Last enerplus corporation earnings: 2/21 06:00 am
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Source: Business News Network
Enerplus lowers capital spend in Canada to 7.5% amid energy crisis Enerplus Corp. ( ERF.TO ) plans to spend just 7.5 per cent of its 2019 capital budget across its Canadian operations in 2019, down from 10 per cent in 2018, the Calgary-based company said Friday. The remaining 92.5 per cent of its 2019 exploration and development budget of between $565 million to $635 million will be dedicated to the United States, with 80 per cent allocated to its North Dakota Bakken light oil wells. Its Canadian capital activity will be focused on drilling approximately four net producer wells, along with ongoing polymer injection for existing projects, as well as facilities maintenance, the company said. Enerplus also provided guidance to produce 94,000 to 100,000 barrels of oil equivalent per day in 2019, including 52,500 to 56,000 barrels per day of liquids. The decline in Enerplus’ capital expenditure on its home turf comes as Canada’s energy sector struggles with low oil and gas prices, and conc
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ERF
Earnings
- 2/21/24 - Beat
ERF
Sec Filings
- 4/9/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/14/24 - Form 6-K
- ERF's page on the SEC website