Enerplus Closes Acquisition of Williston Basin Assets
April 30 2021 - 2:00PM
PR Newswire (Canada)
CALGARY, AB, April 30, 2021 /CNW/ - Enerplus Corporation
("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today
announced that it has closed its previously announced acquisition
of Williston Basin assets from Hess Corporation for a total cash
purchase price of US$312 million,
subject to normal purchase price adjustments. The purchase price
was funded with existing cash on hand and by borrowing on the
Company's bank credit facility.
About Enerplus
Enerplus is an independent North American oil and gas
exploration and production company focused on creating long-term
value for its shareholders through a disciplined, returns-based
capital allocation strategy and a commitment to safe, responsible
operations. For more information, visit the Company's website at
www.enerplus.com.
SOURCE Enerplus Corporation
Copyright 2021 Canada NewsWire
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