Enerplus Increases Production Estimates for 2013 and Sells Non-Core Assets

Enerplus Increases Production Estimates for 2013 and Sells Non-Core Assets 
This news release includes forward-looking statements and information within 
the meaning of applicable securities laws. Readers are advised to review the 
"Cautionary Note Regarding Forward-Looking Information and Statements" at the 
conclusion of this news release. For information regarding the presentation of 
certain information in this news release, see "Currency, BOE and Operational 
Information" at the conclusion of this news release. 
CALGARY, Oct. 22, 2013 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) 
(NYSE: ERF) is pleased to announce that as a result of strong operational 
performance, we are increasing our 2013 estimates for annual average and exit 
production while maintaining our capital spending guidance. 
Production for the nine months ended September 30, 2013 averaged 88,300 
BOE/day, ahead of our full year forecast of 85,000 BOE/day. During the third 
quarter, we produced an average of 87,700 BOE/day, down slightly from the 
second quarter, but in line with expectations due to planned turn-around 
activity, lower capital spending earlier in the year and the sale of 1,300 
BOE/day of non-core production. Production during the third quarter was 
weighted 48% to crude oil and natural gas liquids. 
We continue to see strong performance from our core areas in both Canada and 
the U.S. with our Bakken and Marcellus assets delivering ahead of 
expectations. Production from the Fort Berthold region averaged approximately 
18,000 BOE/day in the third quarter, up 19% from the second quarter, achieving 
our 2013 forecast exit rate ahead of schedule. Production from the Marcellus 
region also continues to surpass our expectations, averaging over 83 MMcf/day 
during the third quarter, compared to our previous 2013 exit forecast of 75 
MMcf/day.Given this strong performance, we now expect daily production will 
average approximately 87,500 BOE/day during 2013. 
We have also entered into an agreement to sell, subject to customary closing 
conditions, an additional 900 BOE/day of non-core liquids production for 
approximately $105 million before closing adjustments. The increase in annual 
average guidance to 87,500 BOE/day assumes the closing of the sale in the 
fourth quarter. 
Despite the announced divestments we are also increasing our exit production 
forecast to 88,000 BOE/day, which is the high end of our original guidance 
range.Crude oil and liquids are still expected to represent approximately 
48% of the total production forecast. We remain on track with our original 
capital guidance of $685 million as well as operating and general and 
administrative cost guidance. 
Based upon this updated forecast, we expect to deliver total annual average 
production growth of approximately 7% in 2013 representing 4% production 
growth per share. 
INFORMATION REGARDING FINANCIAL AND OPERATIONAL INFORMATION 
Currency and Production Amounts 
All amounts in this news release are stated in Canadian dollars unless 
otherwise specified. All production volumes are presented on a company 
interest basis, being the Company's working interest share before deduction of 
any royalties paid to others plus the Company's royalty interests. Company 
interest is not a term defined in Canadian National Instrument 51-101- 
Standards of Disclosure for Oil and Gas Activities) and may not be comparable 
to information produced by other entities. 
Barrels of Oil Equivalent and Cubic Feet of Gas Equivalent 
This news release also contains references to "BOE" (barrels of oil 
equivalent). Enerplus has adopted the standard of six thousand cubic feet of 
gas to one barrel of oil (6 Mcf: 1 bbl) when converting natural gas to BOEs. 
BOEs may be misleading, particularly if used in isolation. The foregoing 
conversion ratios are based on an energy equivalency conversion method 
primarily applicable at the burner tip and do not represent a value 
equivalency at the wellhead. Given that the value ratio based on the current 
price of oil as compared to natural gas is significantly different from the 
energy equivalent of 6:1, utilizing a conversion on a 6:1 basis may be 
misleading. 
FORWARD-LOOKING INFORMATION AND STATEMENTS 
This news release contains certain forward-looking information and statements 
("forward-looking information") within the meaning of applicable securities 
laws. The use of any of the words "expect", "anticipate", "continue", 
"estimate", "guidance", "objective", "ongoing", "may", "will", "project", 
"should", "believe", "plans", "intends", "budget", "strategy" and similar 
expressions are intended to identify forward-looking information. In 
particular, but without limiting the foregoing, this news release contains 
forward-looking information pertaining to the following: achievement of 
operational targets for 2013; Enerplus' expected operating and general and 
administrative costs and oil and gas production volumes for 2013; the 
proportion of our anticipated oil and natural gas production that is hedged; 
Enerplus' financial capacity to support capital spending plans and its 
dividend; potential asset divestments and the impact of such on our 2013 
production; future efficiencies and reserves and production growth from 
capital spending; future capital and development expenditures and the 
allocation thereof among our assets; future development and drilling 
locations, plans and costs; the performance of and future results from 
Enerplus' assets and operations, including anticipated production levels, 
decline rates and future growth prospects; the expected change of our status 
from "foreign private issuer" to U.S. domestic issuer as of January 1, 2014 
and expected changes in our reporting related thereto; and our ability to 
improve our trading multiple and create significant value for our shareholders. 
The forward-looking information contained in this news release reflects 
several material factors and expectations and assumptions of Enerplus 
including, without limitation: that Enerplus' operations and development plans 
will achieve the expected results; the general continuance of current or, 
where applicable, assumed industry conditions, including third party costs; 
the continuation of assumed tax, royalty and regulatory regimes; commodity 
price and cost assumptions; the continued availability of adequate debt and/or 
equity financing, cash flow and other sources to fund Enerplus' capital and 
operating requirements as needed; the continued availability and sufficiency 
of our funds flow and availability under our bank credit facility to fund our 
working capital deficiency; the extent of its liabilities; and that Enerplus 
will be able to complete planned asset sales. Enerplus believes the material 
factors, expectations and assumptions reflected in the forward-looking 
information are reasonable but no assurance can be given that these factors, 
expectations and assumptions will prove to be correct. 
The forward-looking information included in this news release is not a 
guarantee of future performance and should not be unduly relied upon. Such 
information involves known and unknown risks, uncertainties and other factors 
that may cause actual results or events to differ materially from those 
anticipated in such forward-looking information including, without limitation: 
changes in commodity prices; changes in the demand for or supply of Enerplus' 
products; unanticipated operating results, results from development plans or 
production declines; changes in tax or environmental laws, royalty rates or 
other regulatory matters; changes in development plans by Enerplus or by third 
party operators of Enerplus' properties; increased debt levels or debt service 
requirements; inaccurate estimation of Enerplus' oil and gas reserves and 
resources volumes; limited, unfavourable or a lack of access to capital 
markets; an inability to complete planned asset sales; increased costs; a lack 
of adequate insurance coverage; the impact of competitors; reliance on 
industry partners; and certain other risks detailed from time to time in 
Enerplus' public disclosure documents (including, without limitation, those 
risks identified in Enerplus' Annual Information Form and Form 40-F for the 
year ended December 31, 2012, filed on SEDAR and EDGAR, respectively, on 
February 22, 2013). 
The forward-looking information contained in this news release speaks only as 
of the date of this news release, and none of Enerplus or its subsidiaries 
assume any obligation to publicly update or revise them to reflect new events 
or circumstances, except as may be required pursuant to applicable laws.
 

SOURCE  Enerplus Corporation 
 including financial and operating results and our most recent corporate  
presentation, please visit our website atwww.enerplus.com, or phone 
1-800-319-6462. 
Follow@EnerplusCorp on Twitter athttps://twitter.com/EnerplusCorp. 
Ian C. Dundas President & Chief Executive Officer Enerplus Corporation 
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CO: Enerplus Corporation
ST: Alberta
NI: OIL  
-0- Oct/22/2013 22:00 GMT
 
 
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