March 16 (Reuters) - Enerplus Corp ERF.TO :
* ENERPLUS ANNOUNCES REDUCED 2020 CAPITAL BUDGET, PRIORITIZING BALANCE SHEET STRENGTH AND FREE CASH FLOW
* ENERPLUS CORP - REDUCING ITS 2020 CAPITAL SPENDING BUDGET TO $325 MILLION
* ENERPLUS CORP - PLANS TO CEASE ALL OPERATED DRILLING AND COMPLETIONS ACTIVITY IN NORTH DAKOTA BY MID-APRIL
* ENERPLUS CORP - BASED ON REVISED PLAN, COMPANY WILL HAVE 32 GROSS DRILLED UNCOMPLETED WELLS IN INVENTORY IN NORTH DAKOTA
* ENERPLUS CORP - 2020 CRUDE OIL AND NATURAL GAS LIQUIDS PRODUCTION IS EXPECTED TO AVERAGE BETWEEN 50,000 TO 52,000 BARRELS PER DAY
* ENERPLUS - ESTIMATES IT COULD SUSTAIN LIQUIDS PRODUCTION ABOUT FLAT TO 2020 OVER NEXT SEVERAL YEARS WITH CAPEX AT SIMILAR LEVELS TO REVISED 2020 PLAN
* ENERPLUS CORP - TOTAL AVERAGE PRODUCTION GUIDANCE FOR 2020 HAS ALSO BEEN REDUCED TO 89,000 TO 92,000 BOE PER DAY
* ENERPLUS CORP - HAD $150 MILLION OF CASH ON ITS BALANCE SHEET AT DECEMBER 31, AN UNDRAWN US$600 MILLION SENIOR UNSECURED BANK CREDIT FACILITY
* ENERPLUS CORP - COMMITTED TO RETURNING CAPITAL TO SHAREHOLDERS
* ENERPLUS - UNDER REVISED 2020 CAPITAL PROGRAM, CO EXPECTS TO GENERATE FREE CASH FLOW THAT FULLY FUNDS DIVIDEND AND SUPPORTS SHARE REPURCHASE PROGRAM