Examples of Enerplus USA in a sentence
Prior thereto, Manager of Land of Enerplus USA since joining Enerplus in November 2011.
As of the end of 2010, the material subsidiaries of the Fund were EnerMark Inc., Enerplus Resources Corporation (each an ABCA corporation), Enerplus Commercial Trust (an unincorporated Alberta trust), FET Operating Partnership (an Alberta partnership) and Enerplus USA.
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").
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.
This due diligence may uncover liabilities that result in an adjustment to the Purchase Price, and, if the amount of title and environmental defects (subject to a minimum threshold and aggregate deductible) and casualty losses resulting in a downward adjustment to the Purchase Price are in excess of 10% of the Purchase Price, then either Enerplus USA or the Vendor may terminate the Purchase Agreement.
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.
The Purchase Agreement contains a covenant in favour of Enerplus USA that allows Enerplus USA to conduct due diligence prior to the Acquisition Closing Date, including an on-site visual inspection of Bruin's properties and an ASTM Phase I environmental review thereof.
Prior thereto, Manager of Land of Enerplus USA since joining the Corporation in November 2011.