PROPERTY, PLANT AND EQUIPMENT ("PP&E")

12 Months Ended

Dec. 31, 2019

PROPERTY, PLANT AND EQUIPMENT ("PP&E")

PROPERTY, PLANT AND EQUIPMENT ("PP&E")

4) PROPERTY, PLANT AND EQUIPMENT (“PP&E”)

			Accumulated Depletion,
As at December 31, 2019			Depreciation,
($ thousands)	Cost		and Impairment		Net Book Value
Oil and natural gas properties(1)	$	15,088,724	$	(13,541,362)	$	1,547,362
Other capital assets		125,265		(105,021)		20,244
Total PP&E	$	15,213,989	$	(13,646,383)	$	1,567,606

			Accumulated Depletion,
As at December 31, 2018			Depreciation,
($ thousands)	Cost		and Impairment		Net Book Value
Oil and natural gas properties(1)	$	14,773,082	$	(13,479,141)	$	1,293,941
Other capital assets		115,510		(102,380)		13,130
Total PP&E	$	14,888,592	$	(13,581,521)	$	1,307,071

(1) All of the Company’s unproved properties are included in the full cost pool.

Acquisitions:

For the years ended December 31, 2019 and 2018, Enerplus acquired property and land totaling $24.4 million, and $25.8 million, respectively.  

Divestments:

For the years ended December 31, 2019 and 2018, Enerplus disposed of properties for proceeds of $9.6 million and $6.9 million, respectively. Certain asset divestments may result in gains if the divestments cause a significant alteration in the relationship between the cost centre’s capitalized costs and proved reserves. During 2019, Enerplus did not recognize any gains on asset divestments (2018 – nil, 2017 – $78.4 million).