We expect our production to grow by 10 to 15% from the end of 2010 to the end of 2012, primarily fuelled by growth in our Bakken and Marcellus plays. Our crude oil and liquids production is expected to reach about 50% of our total production by the end of 2012, versus only 43% in 2010.
| Q3 2011 Production |
| Play Type |
Average Production Volumes |
Production by Resource Play |
| Bakken/Tight Oil (BOE/day) |
13,511 |
19% |
| Crude Oil Waterfloods (BOE/day) |
13,462 |
18% |
| Other Conventional Oil (BOE/day) |
5,738 |
8% |
| Total Crude Oil (BOE/day) |
32,711 |
|
| Marcellus Shale Gas (Mcfe/day) |
15,025 |
3% |
| Other Natural Gas (Mcfe/day) |
228,177 |
52% |
| Total Gas (Mcfe/day) |
243,202 |
|
| Company Total (BOE/day) |
73,245 |
|
Over 95% of our capital spending in 2012 is focused on our Bakken/Tight oil, waterflood, Marcellus and Deep Basin resource plays. The projects in these plays have the best economics in our portfolio and will improve the efficiencies of our operations going forward.
Capital Development
Projected 2012 Capital Expenditures
| Play Type | Capital Spending ($ millions) |
| Tight Oil |
350 |
| Crude Oil Waterfloods |
150 |
| Marcellus Gas |
190 |
| Liquids Rich Natural Gas |
80 |
| Other |
30 |
| Company Total |
$800 |
About EnerplusEnerplus is an independent North American energy company with a diversified asset base of oil and gas properties across a variety of resource plays. We are focused on creating value for our investors by providing organic growth in production and reserves complemented by a monthly dividend. more
