Enerplus Core Drilling and Production Overview
BAKKEN CORE DRILLING INVENTORY
Little Knife
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
250
$80
$13
$60
$7
670
EXTENDED
CORE
-110
locations
50
50
Cumulative oil production (mbbls)
200
150
100
$60
$80 WTI
WTI
$100
WTI
Payout: 5 months
at $80 WTI
О 2 4
6
8 10 12
14
16 18 20 22 24
Month
Enerplus well
$50 WTI breakeven well
25%
LITTLE KNIFE
CORE
-560
locations
$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.
enerPLUS
Mountrail
Williams
Little
Knife
McKenzie
Dunn
Billings
Development plan
-6-9 wells per 1,280 ft. spacing unit
MB
TF 1
TF 2
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