Examples of Enerplus USA in a sentence
Developments in 2009 Acquisition of Interests in the Marcellus Shale Gas Play On September 1, 2009, Enerplus (through the Fund's indirect wholly-owned subsidiary, Enerplus USA) acquired an average 21.5% working interest in approximately 540,000 gross acres within the Marcellus shale natural gas play in the northeastern United States, the majority of which was located in Pennsylvania with certain interests in Maryland and West Virginia.
The Acquisition was completed by Enerplus USA, an indirect wholly-owned subsidiary of the Corporation, with an arm's length third party and otherwise did not involve an "informed person", "associate" or "affiliate" (as each term is defined in securities legislation) of Enerplus.
Enerplus USA paid cash consideration of approximately US$418 million (or approximately CDN$529 million, based on the exchange rate of 1.2638 on March 9, 2021) to complete the Acquisition, after giving effect to the preliminary estimate of adjustments prepared by the Vendor on the Acquisition Closing Date (the "Purchase Price").