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Enerplus Closes Purchase of Bakken Oil Assets in North Dakota

CALGARY, Oct. 18 /CNW/ - Enerplus Resources Fund ("Enerplus") is pleased
to announce the closing of the previously disclosed purchase of 46,500 net
acres of land in North Dakota prospective for Bakken crude oil for US$456
million before closing adjustments.
This acquisition materially expands Enerplus' current land position to
over 70,000 net acres (109 sections) in the Fort Berthold area, the majority
of which is now operated by Enerplus with a greater than 90% working interest.
Current production from this project is approximately 4,000 bbls/day. As
drilling plans are executed over the next five years, production is expected
to grow to over 20,000 BOE/day.
 
aus der Diskussion: Enerplus - kanadischer Oil&Gas-Trust
Autor (Datum des Eintrages): R-BgO  (18.10.10 12:35:54)
Beitrag: 4 von 91 (ID:40340410)
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