Enerplus has closed the previously announced sale of our % working interest in the Kirby oil sands lease for proceeds of $ million. Enerplus Resources Fund of Calgary has sold its Kirby oilsands leases for $ million and is spending. Canadian Acquirer-Enerplus Resources Fund has sold its Kirby oil sands lease for $ million and says it has invested $ billion in light oil.
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This was the largest American acquisition by a Canadian oil and gas income trust to that time. This page was last edited on 12 Augustat If you want to write a letter to the editor, please forward to letters globeandmail. The first phase of the Joslyn project entered commercial production in latewith bitumen recovered using SAGD technology, which involves injecting steam deep into the oil sands to melt the bitumen and then pumping out the oil.
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Enerplus confirms sale of stake in Joslyn – The Globe and Mail
It was originally called Enerplus Resources Fundand it was Canada’s first income trust. Vatican spokesman and deputy suddenly resign, capping year of upheaval.
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It also reported buying 23, net hectares of undeveloped land in enerolus West Virginia and Maryland that is prospective for Marcellus shale gas. If you would like to write a letter to the editor, please forward it to letters globeandmail.
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Copyright owned or licensed by Toronto Star Newspapers Limited. Production at Joslyn should reach 10, barrels per day by while work is under way to prepare for surface mining to boost output significantly over the next decade. Postmedia wants to improve your reading experience as well as share the best deals and promotions from our advertisers with you.
All articles lacking reliable references Articles lacking reliable references from May Official website different in Wikidata and Wikipedia. The company holds oil and natural gas property interest in the United States and in western Canada, in the provinces of Alberta, British Columbia and Saskatchewan. Sign In Create Account. You must verify your email address before signing in.
The Joslyn project, in which Enerplus acquired its minority stake incould produce up to two billion barrels of bitumen over its planned 30 years of operation.
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Retrieved from ” https: We hope to have this fixed soon. Read our community guidelines here. It has three main kjrby of operation:. The company had said earlier this year it would keep Kirby on ice while it evaluates options such as selling the asset or entering into a joint venture. Due to technical reasons, we have temporarily removed commenting from our articles.
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Analysts were scrambling to find ownership details on Kirby; the deal was seen by some as slightly under past in-situ transactions. By Dina O’Meara Canadian press.
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Enerplus confirms sale of stake in Joslyn
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Enerplus Sells Kirby Oil Sands Lease for $MM | Rigzone
I also accept and agree to be bound by Postmedia’s Terms and Conditions with respect to my use of the Site and I kirbh read and understand Postmedia’s Privacy Statement. In addition to the Joslyn assets, the company also has a stake in the Surmont leases as the French-owned company expands to become a growing Alberta oil sands developer. Kirby’s oilsands leases cover a block of 17, hectares in a “highly prospective” area in the heart of the Athabasca oilsands. Visit our FAQ page for more information.
In the first quarter, production averaged 89, oil equivalent barrels a day, up from 86, the previous year. The deal is expected to close on or about April This copy is for your personal non-commercial use only.