Tuesday, December 13, 2016

Enerplus To Sell Non-Operated Assets In The Bakken -- December 13, 2016

Press release here. Data points:
  • Enerplus to sell non-operated assets in North Dakota
  • buyer not identified
  • 5,800 acres, primarily located on the Fort Berthold Indian Reservation with average working interest per drilling spacing unit of 8%
  • comprises approximately 8% of the company's existing net acreage in North Dakota
  • after closing, Enerplus to hold approximately 65,500 net acres in North Dakota
  • production from Enerplus' operated ND assets averaged 23,700 boe in 3Q16

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