Enerplus Core Drilling and Production Overview

$0 WTI oil price ($/bbl) $10 $20 $30 $40 $50 $60 Core Bakken is competitive with the best N.A. oil plays Third-party data: Breakeven WTI oil prices across North American oil plays (1)(2) Source: Enverus Intelligence Research 1) Breakeven prices represent the average WTI price at which wells generate a 10% IRR. Based on wells since 2018. 2) Based on oil plays developed with horizontal wells. ய Little Knife & FBIR areas represent -85% of Enerplus' >10-year core inventory BAKKEN-US VIKING SHAUNAVON UINTA PRB BAKKEN-CDN DUVERNAY 11 enerPLUS

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