Enerplus news could positively impact PetroshaleAfter reading the news from Enerplus this morning, it gives a little insight into positive impacts that the non-operated portion of Petroshales' program could have on Q4. See the attached clipping from the Enerplus news released this morning.
And Petroshale 4 well OPERATED drill program is close to completion.... https://www.newswire.ca/news-releases/enerplus-announces-fourth-quarter-2017-production-and-provides-expected-impact-of-us-tax-changes-669499313.html CALGARY, Jan. 16, 2018 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today announced that production for the fourth quarter of 2017 was approximately 88,600 BOE per day, above its fourth quarter guidance range of 86,000 to 88,000 BOE per day, and an increase of 12% from the third quarter of 2017. The Company's crude oil and natural gas liquids production averaged approximately 46,750 barrels per day in the fourth quarter, also above its fourth quarter guidance range of 45,000 to 46,000 barrels per day of crude oil and natural gas liquids, and an increase of 20% from the third quarter of 2017.
The production outperformance in the fourth quarter was driven in part by higher than forecasted North Dakota volumes which averaged approximately 35,500 BOE per day, representing a 70% increase from the first quarter of 2017. Strong unrestricted Marcellus production in November and December in response to improved realized natural gas prices also helped support fourth quarter volumes. Marcellus production averaged approximately 193 MMcf per day in the fourth quarter, which takes into account 35 MMcf per day of price related production curtailments during the month of October.