Enerplus Core Drilling and Production Overview
BAKKEN CORE DRILLING INVENTORY
FBIR
Expected average well performance (1)
Inventory Distribution
Payout period and NPV10 at $60, $80, $100 per barrel WTI
Net future drilling locations
300
WTI NPV10 $MM
$100
$19
670
EXTENDED
250
$80
$13
200
150
50
50
Cumulative oil production (mbbls)
100
WTI
$60
$7
CORE
-110
locations
$60
WTI
$80
WTI
$100
--
Payout: 6 months
at $80 WTI
2 4
6 8
10
12
Month
14
16
18
20 22 24
Enerplus well
$50 WTI breakeven well
enerPLUS
Mountrail
Williams
FBIR
McKenzie
Billings
Dunn
CORE
-560
Development plan
locations
-10 wells per 1,280 ft. spacing unit
60%
FBIR
MB
TF 1
TF 2
TF2 locations in select areas
$60 WTI breakeven well
1) See "Expected well performance" in "Advisories". Well economics at $80 & $100 WTI assume a total well cost of $6.5mm. Well economics at $60 WTI assume a total well cost of $6.0mm.
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