Enerplus Core Drilling and Production Overview
COMMODITY HEDGING SUMMARY
Price risk management
CRUDE OIL HEDGES (WTI)(1)(2)(3)
Period
Jul 1 Dec 31, 2022
Jan 1 - Jun 30, 2023
Volume
(Mbbl/d)
Jul 1 Dec 31, 2023
Jan 1 Dec 31, 2023(4)
NATURAL GAS HEDGES (NYMEX)(2)
Swaps
Swaps
(US$/bbl)
Volume
(Mbbl/d)
Sold Put
(US$/bbl)
Collars
Purchased
Put
(US$/bbl)
Sold Call
(US$/bbl)
17.0
$40.00
$50.00
$57.91
15.0
$61.67
$79.33
$114.31
5.0
$65.00
$85.00
$128.16
2.0
$5.00
$75.00
Swaps
Collars
Period
Volume
(Mcf/d)
Swaps
(US$/Mcf)
Volume
(Mcf/d)
Sold Put
(US$/Mcf)
Purchased Put
(US$/Mcf)
Sold Call
(US$/Mcf)
Jul 1-Oct 31, 2022
40,000
$3.40
60,000
$3.77
$4.50
Nov 1, 2022 - Mar 31, 2023
120,000
$6.27
$18.17
Apr 1 Oct 31, 2023
50,000
$4.05
$7.00
enerPLUS
1) The total average deferred premium spent on our outstanding hedges is US$1.50/bbl from July 1, 2022 - December 31, 2022 and US$1.25/bbl from January 1, 2023 - December 31, 2023.
2) Transactions with a common term have been aggregated and presented at weighted average prices and volumes.
3) Upon closing of the Bruin Acquisition, Bruin's outstanding crude oil contracts were recorded at a fair value liability of $76.4 million. At June 30, 2022, the remaining liability was $10.3 million on the Condensed Consolidated Balance Sheets. Realized and unrealized gains
and losses on the acquired contracts are recognized in Condensed Consolidated Statement of Income/(Loss) and the Condensed Consolidated Balance Sheets to reflect changes in crude oil prices from the date of closing of the Bruin Acquisition. See Note 16 to the Interim
Financial Statements for further details.
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4) Contracts inherited from Bruin acquisition.View entire presentation