The information contained in the table below reflects the reverse takeover of Enerplus by EnerMark on June 21, 2001
as required by Canadian generally accepted accounting principles.
 |
| ($thousands, except per Unit amount) |
2001 |
2000 |
1999 |
1998 |
1997 |
|
| Financial |
|
|
|
|
|
| Oil and gas sales |
$ 639,379 |
$ 343,182 |
$ 169,541 |
$ 134,102 |
$ 173,919 |
| Cash available for distribution |
$ 316,454 |
$ 168,181 |
$ 78,189 |
$ 70,059 |
$ 97,165 |
| Per Unit |
$ 5.67 |
$ 5.49 |
$ 3.70 |
$ 3.70 |
$ 5.46 |
| Net income |
$ 180,269 |
$ 82,150 |
$ 25,754 |
$ 8,881 |
$ 23,855 |
| Per Unit |
$ 3.28 |
$ 3.06 |
$ 1.25 |
$ 0.47 |
$ 1.38 |
| Capital expenditures, net of dispositions |
$ 152,216 |
$ 65,844 |
$ 14,136 |
$ 56,516 |
$ 19,998 |
| Total assets |
$ 2,284,253 |
$ 1,567,952 |
$ 576,901 |
$ 617,881 |
$ 670,203 |
| Bank debt, net of working capital |
$ 407,768 |
$ 315,820 |
$ 142,066 |
$ 188,762 |
$ 111,170 |
| Net debt / funds flow ratio |
1.2x |
1.8x |
1.8x |
3.0x |
1.2x |
|
| ($ per BOE except percentage data) |
2001 |
2000 |
1999 |
1998 |
1997 |
| | | |
| Oil and Gas Economics |
|
|
|
|
|
| Net royalty rate |
23% |
23% |
19% |
14% |
18% |
| | | |
| Weighted average price (net of hedging) |
$ 32.43 |
$ 30.14 |
$ 18.32 |
$ 13.39 |
$ 17.22 |
| Net royalty expense |
6.73 |
7.10 |
3.47 |
1.87 |
3.11 |
| Operating expense |
6.09 |
4.83 |
4.02 |
4.04 |
3.95 |
| | | |
| Netback |
19.61 |
18.21 |
10.83 |
7.48 |
10.16 |
| General and administrative expense |
0.66 |
0.63 |
0.62 |
0.56 |
0.45 |
| Management fee |
0.47 |
0.40 |
0.24 |
0.15 |
0.23 |
| Interest expense, net of interest and other income |
0.85 |
1.30 |
0.87 |
0.16 |
0.10 |
| Capital taxes |
0.24 |
0.26 |
0.17 |
0.20 |
0.18 |
| Restoration and abandonment cash costs |
0.13 |
0.13 |
0.12 |
0.10 |
0.03 |
| Gain on sale of investment |
- |
- |
0.06 |
0.03 |
- |
| | | |
| Funds flow from operations |
$ 17.26 |
$ 15.49 |
$ 8.75 |
$ 6.28 |
$ 9.17 |
|
|
