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Enerplus Corp (N:ERF)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: The Dome Tower, 3000 - 333 7Th Avenue Sw
CALGARY AB T2P 2Z1
Tel: N/A
Website: https://www.enerplus.com
IR: See website
Key People
Ian C. Dundas
President, Chief Executive Officer, Director
Jodine J. Jenson Labrie
Chief Financial Officer, Senior Vice President
Wade Don Hutchings
Chief Operating Officer, Senior Vice President
Shaina Brianne Morihira
Vice President - Finance
David A. Mccoy
Vice President, General Counsel, Corporate Secretary
Garth R. Doll
Vice President - Marketing
Terry S. Eichinger
Vice President - Drilling, Completions & Operations Support
Nathan D. Fisher
Vice President - United States Business Unit
Daniel J. Fitzgerald
Vice President - Business Development
Business Overview
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.
Financial Overview
For the fiscal year ended 31 December 2023, Enerplus Corp revenues decreased 29% to $1.66B. Net income decreased 50% to $456.1M. Revenues reflect United States segment decrease of 25% to $1.66B. Net income also reflects Exploration and Development Costs US increase of 26% to $537.8M, Net Unrealized cash gain/ (loss) - Commo decrease from $149.5M (income) to $25.6M (expense). Dividend per share increased from $0.20 to $0.23.