Canadian Manufacturing

Enerplus Corp. selling some Alberta assets for $193M

The Alberta properties in the latest divestment are being sold in two separate transactions but the buyers weren't identified



CALGARY—Calgary-based Enerplus Corp. is selling some of its Alberta natural gas assets for about $193 million.

The company says the properties were projected to contribute the equivalent of 5,400 barrels per day of production in 2016, almost all in the form of natural gas.

In the first nine months of 2015, Enerplus produced an average of 110,800 barrels per day, with about 45 per cent of it from crude oil and natural gas liquids.

In the fourth quarter, the firm completed the sale of a small portion of its interests in North Dakota for about $80 million.

The Alberta properties in the latest divestment are being sold in two separate transactions but the buyers weren’t identified in the Enerplus announcement.

Enerplus says it plans to release its 2015 year-end results on Feb. 19 and will provide an updated guidance for 2016 by then.

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