Enerplus Core Drilling and Production Overview
BAKKEN CORE DRILLING INVENTORY
Eastern Williams
Expected average well performance (1)
Payout period at $60, $80, $100 per barrel WTI
300
WTI NPV10 $MM
$100
$16
250
$80
$11
50
50
Cumulative oil production (mbbls)
$60
$6
200
$60
WTI
150
$80
WTI
$100
100
WTI
---------
о
Payout: 6 months
at $80 WTI
О
2 4 6 8 10 12
14
16 18 20 22 24
Month
Enerplus well
$50 WTI breakeven well
Inventory Distribution
Net future drilling locations
670
EXTENDED
CORE
-110
locations
CORE
-560
locations
enerPLUS
Mountrail
Williams
Eastern
Williams
15%
McKenzie
E. WILLIAMS
$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.
Dunn
Billings
Development plan
-5-6 wells per 1,280 ft. spacing unit
MB
TF 1
TF 2
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