Brief: Enerplus To Acquire Strategic Williston Basin Assets, Updates 2021 Guidance

Enerplus

08/04/2021 13:05

April 8 (Reuters) - Enerplus Corp  ERF.TO :
    * ENERPLUS TO ACQUIRE STRATEGIC WILLISTON BASIN ASSETS,
UPDATES
2021 GUIDANCE AND PROVIDES FIVE YEAR OUTLOOK
    * ENERPLUS CORP - TO ACQUIRE ASSETS IN WILLISTON BASIN FROM
HESS
CORPORATION FOR TOTAL CASH CONSIDERATION OF US$312 MILLION
    * ENERPLUS CORP - DEAL EXPECTED TO BE ACCRETIVE TO PER SHARE
METRICS IN FIRST YEAR, INCLUDING ADJUSTED FUNDS FLOW, FREE CASH
FLOW AND NET ASSET VALUE
    * ENERPLUS CORP - INCREASING ITS 2021 PRODUCTION GUIDANCE TO
111,000 TO 115,000 BOE PER DAY
    * ENERPLUS CORP - CAPITAL SPENDING IN 2021 IS REVISED TO
$360 TO
$400 MILLION IN CONNECTION WITH ACQUIRED ASSETS

Source text for Eikon:  ID:nCNWyhFzPa 
Further company coverage:  ERF.TO 

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