Enerplus Core Drilling and Production Overview

Enerplus overview ■ Differentiated core Bakken drilling inventory (>decade) Compelling free cash flow generation (>20% FCF yield) ■Long track record of returning capital to shareholders ■Low financial leverage Deeply integrated approach to ESG CDN WATERFLOODS (Divestment process ongoing) BAKKEN Production by area (1) Production by product (1) Capital allocation (1) 65% 53% 28% 6% 1% ■Bakken Marcellus Canada ■ DJ 84% 38% Ο Ο 9% ■Crude Oil Natural Gas ■ NGL 3% 13% ■ Bakken ■ Marcellus Canada/DJ 1) Charts reflect 2022e production and capital allocation. enerPLUS MARCELLUS Dual listed: TSX & NYSE Market capitalization: US$3.5 billion 2022e production: 99,500 BOE/d (61% liquids) 3

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