Sudden Resignation of Enerplus President Dana Johnson

Enerplus Corporation, a Denver-based exploration and production company, announced yesterday that its president has resigned “to pursue other opportunities.” No word on what those other opportunities are. According to MDN’s newly published Marcellus and Utica Shale Databook 2012 – Volume 1, Enerplus had active Marcellus drilling operations in both Clinton County, PA and Preston County, WV in 2011.

Also according to the Databook, in August of 2009 Enerplus purchased a 30 percent interest in 552,000 acres from Chief Oil & Gas and Tug Hill, located in PA, WV and MD. Enerplus invested $406 million in the deal—Chief continues to operate the acreage.

From the Enerplus press release:

Enerplus Corporation today announced that Mr. Dana Johnson, President of Enerplus’ U.S. Operations, has resigned to pursue other opportunities.

Enerplus expects to replace this position, however as an interim measure, Eric Le Dain, Enerplus’ Senior Vice President, Strategic Planning, Reserves and Marketing, will be overseeing the company’s U.S. Operations.  Mr. Le Dain reports to Ian Dundas, Enerplus’ Executive Vice President and Chief Operating Officer. Mr. Johnson will be available over the next two months to assist in the transition.

"We would like to thank Dana for his efforts and contributions. We wish him all the best in his future endeavors."*

*Enerplus Corporation (Mar 28, 2012) – Enerplus Announces Executive Resignation