Enerplus has closed the previously announced sale of our % working interest in the Kirby oil sands lease for proceeds of $ million. Enerplus Resources Fund of Calgary has sold its Kirby oilsands leases for $ million and is spending. Canadian Acquirer-Enerplus Resources Fund has sold its Kirby oil sands lease for $ million and says it has invested $ billion in light oil.
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This should only take a few moments. Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. The assets are now producing about barrels per day of crude oil and there are proved plus probable reserves of 10 million barrels of oil equivalent.
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Enerplus confirms sale of stake in Joslyn
We didn’t recognize that password reset code. Such a sale would allow Enerplus to focus on its wholly owned Kirby steam-assisted gravity drainage SAGD project and other potential developments, Enerplus said in enerpljs earnings release. To order copies of Toronto Star articles, please go to: Published May 9, Updated April 27, The first phase of the Joslyn project entered commercial production in latewith bitumen recovered using SAGD technology, which involves injecting steam deep into the oil sands to melt the bitumen and then pumping out the oil.
Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions.
Enter your email address below 2. Story continues below advertisement. The company holds oil and natural gas property interest in the United States and in western Canada, in the provinces of Alberta, British Columbia and Saskatchewan.
Views Read Edit View history. Enerplus was established in by Marcel Kiirby, a pension fund manager and John Brussa, a lawyer. Share Adjust Comment Print.
Enerplus – Wikipedia
In the first quarter, production averaged 89, oil equivalent barrels a day, up from 86, the previous year. It has three main areas of operation:. InMark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies. By Dina O’Meara Canadian press. The company had said earlier this year it would keep Kirby on ice while it evaluates options such as selling the asset or entering into a joint venture.
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If you encounter a comment that is abusive, click the “X” in the upper right corner of the comment box to report spam or abuse. House Democrats introduce plan to reopen government. Sign in to your account. Canada’s first royalty trust, Enerplus already has wnerplus 16 per cent interest in the Joslyn oil sands lease. Click here to subscribe.
Thank you for verifiying your email address. Enerplus has said it believes Kirby has the potential to produce 30, to 40, barrels of bitumen per day. We hope to have this fixed soon. We’ve sent an email with instructions to create a new password. Enerplus said the acquisition “will add significant long-term value for our unitholders. The acquisition changed the company’s output to just over 60 per cent natural gas and 40 per cent crude oil and natural gas liquids in its portfolio.
Focus primarily specialized in natural gas production. Your existing password has not been changed. In its financial report, Enerplus said it earned 82 cents a unit for the three months ended March 31, compared with 88 cents a unit for the previous year’s period. The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.
Enerplus – Company Description
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Readers can also interact with The Globe on Facebook and Twitter. It was originally called Enerplus Resources Fundand it was Canada’s first income trust.