Enerplus Sells Rest of Canada Assets – Focus on Bakken, Marcellus

Enerplus is based in Calgary, Alberta (Canada). It is a Canadian energy company. And yet the company has just announced the sale of its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy Inc. on Nov. 2 for CA$245 million (US$180 million). The reason for the sale? Enerplus wants to focus most of its time and effort (and money) on drilling in the Bakken Shale in North Dakota. However, Enerplus does maintain (and wants to continue) an active position in the Marcellus Shale, in northeastern Pennsylvania.

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