Robert J. Waters, Senior Vice President and Chief Financial Officer at Enerplus Corporation (NYSE: ERF), presented today at EnerCom’s The Oil & Gas Conference 20®.
Enerplus is a North American energy producer with a portfolio of high quality oil and gas assets in resource plays that offer significant organic growth potential.
In the company’s Q2’15 earnings release, Enerplus increased its 2015 production guidance and volumes grew by 7% quarter over quarter to 107,429 BOE per day. Their cost savings strategy decreasing the annual operating cost guidance to $9.25 per BOE from $9.75.
During the company’s breakout session, management was asked the following questions:
- What is your dividend plan for 2016; do you have any plans for a cut?
- Compared to your peers in the same area, what is your cost of service? How do your AFEs compare with your peers?
- Have you considered bringing on another rig by acquiring other firms in a different area?
- You mentioned your breakeven cost is $70, are there any added differentials after you consider transportation cost?
- Do you rely 100% on pipeline transportation or are there any other pipelines under construction that could be beneficial to Enerplus?
- Has the transportation cost come down at all, compared to service cost?
- You mentioned the technology you use in Canada, will it eventually be applicable in North Dakota?
- Are you still flaring Bakken gas? How much is that? Are you receiving any regulatory problems from the government?
