Enerplus Core Drilling and Production Overview
enerPLUS
Enerplus: substantial core acreage, large remaining opportunity set
Lightly drilled acreage
Drilling density: wells per DSU
Acreage in core & extended core
Productivity: 6 month BOE/1K foot lateral
Substantial sub-$50/bbl WTI inventory
Contours based on breakeven WTI prices (10% IRR)
UNIT DENSITY
0-2
3-5
6-9
Williams
County
Mckenzie
County
10-13
14-20
EPLUS UNITS
Outlines are Enerplus operated units
Mountran
Williams
McKenzie
Little
Knife
Low
High
Outlines are Enerplus operated units
Mountrail
FBIR
Dunn
0
0
Indicative well NPVs
NPV10 at $80 WTI (1)
($MM)
$60
Approx. $4MM+
$50
Approx. $7MM+
$40
Approx. $12MM+
Murphy Creek
Enerplus operated acreage
Enerplus non-op acreage
1) Source: Drilling density based on internal mapping. Productivity mapping from Tudor, Pickering, Holt & Co. WTI breakeven analysis and drilling density based on internal research. Well NPVs at $80 & $100 WTI assume a total well cost
of $6.5mm. Well NPVs at $60 WTI assume a total well cost of $6.0mm.
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