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IMPAIRMENT (Tables)
 12 Months Ended
Dec. 31, 2015
IMPAIRMENT  
Schedule of impairment expense

                                                                                                                                                                                    

($ thousands)

 

 
2015 

 

 

 
2014 

 

 
2013 

 

 

Oil and natural gas properties:

 

 

 

 

 

 

 

 

 

 

 

 

Canada cost centre

 

$
286,700 

 

 

$

–

 

$

–

 

 

U.S. cost centre

 

 
1,065,728 

 

 

 

–

 

 

–

 

 

Total impairment expense

 

$
1,352,428 

 

 

$

–

 

$

–

 

 

 

Schedule of 12-month average trailing benchmark prices and exchange rates used in the ceiling tests

 

The following table outlines the 12-month average trailing benchmark prices and exchange rates used in Enerplus' ceiling test as at December 31, 2015, 2014 and 2013:

                                                                                                                                                                                    

Period

 

 

WTI Crude Oil
US$/bbl

 

Exchange Rate
US/CDN

 

 

Edm Light
Crude
CDN$/bbl

 

 

U.S. Henry Hub Gas
US$/Mcf

 

 

AECO Natural
Gas Spot
CDN$/Mcf

 

2015

 

$
50.28 

 
1.27 

 

$
59.38 

 

$
2.58 

 

$
2.69 

 

2014

 

 
94.99 

 
1.09 

 

 
94.84 

 

 
4.30 

 

 
4.60 

 

2013

 

 
96.94 

 
1.03 

 

 
93.19 

 

 
3.67 

 

 
3.16