Enerplus Lifts Production Outlook For 2015

(RTTNews) - Enerplus Corp. (ERF.TO, ERF) Friday announced an increase in annual production guidance for the full year 2015 to 106,000 BOE/day, up from its previous range of 100,000 to 104,000 BOE/day. Crude oil and NGL volumes are expected to be 46,000 bbls/day.

For the full year 2016, the company projects average annual production in a range of 100,000 to 105,000 BOE/day and crude oil and NGL volumes of 44,000 to 47,000 bbls/day.

Further, the company announced a reduction in its monthly dividend to $0.03 from $0.05, effective December 2015.

For the third quarter, the company recorded total production of 110,794 BOE/day.