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BRIEF-Enerplus Says Withdrawing 2020 Corporate Guidance

Published 2020-04-22, 06:32 a/m
ERF
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April 22 (Reuters) - Enerplus Corp ERF.TO :

* ENERPLUS PROVIDES CORPORATE UPDATE

* ENERPLUS CORP - REDUCING CAPITAL SPENDING BY A FURTHER $25 MILLION DUE TO OPERATIONAL OUTPERFORMANCE AND PROJECT DEFERRALS

* ENERPLUS CORP - Q1 2020 PRODUCTION AVERAGED APPROXIMATELY 98,200 BOE PER DAY, INCLUDING 54,400 BARRELS PER DAY OF CRUDE OIL AND NATURAL GAS LIQUIDS

* ENERPLUS CORP - WITHDRAWING ITS 2020 CORPORATE GUIDANCE

* ENERPLUS CORP - EXPECTS TO REMAIN IN COMPLIANCE WITH ITS DEBT COVENANTS DURING 2020

* ENERPLUS CORP - ANTICIPATES THAT ITS 2020 UNIT OPERATING EXPENSES WILL AVERAGE APPROXIMATELY $8.25 PER BOE

* ENERPLUS CORP - HAS SUSPENDED ITS SHARE REPURCHASE PROGRAM

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