February 1, 2010 / 2:30 PM / in 8 years

UPDATE 1-Enterra says production to remain flat in 2010

* Sees 2010 production of 9,200 boepd to 9,7000 boepd

* Sees 2010 capex of C$40 mln

Feb 1 (Reuters) - Enterra Energy Trust ENT_u.TO said it expects to have relatively flat production in 2010 and sees lower capital expenditure for the year.

The Calgary-based company said it sees production of 9,200 barrels of oil equivalent per day (boepd) to 9,700 boepd. The company also lowered its capital expenditure program by 33 percent to C$40 for 2010.

Enterra said it plans to ramp up the execution of its drilling programs in Circus (in Oklahoma) and Cardium (in Alberta) oil plays during the first part of the year.

Enterra shares closed at C$1.94, Friday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Anil D‘Silva) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below