Enerplus Corp ERF

Primary Symbol: T.ERF

Energy Oil & Gas E&P

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of the Bakken/Three Forks light oil shale play where it holds approximately 235,600 net acres in North Dakota. The acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. It holds an interest in approximately 32,500 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located in Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties.

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Enerplus Corp > Chief is bought by Chesapeake

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Comment by therealDonaldon Feb 01, 2022 9:11am

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Post# 34384171

RE:Chief is bought by Chesapeake

The non operated ERF Marcellus production was previously operated by both Chief and Chesapeake. Now only Chesapeake. Which is good because Chesapeake has been consistently drilling better wells.

If the same metrics (3.5xcf on strip) are applied to ERF production, you get to around $800MM CDN disposition value.

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Advancing flagship Ishkõday Gold Project in Ontario