Enerplus Core Drilling and Production Overview

2022 guidance enerPLUS $400 - $440 97.5 - 101.5 59.5-62.5 2022e capital allocation Williston Basin 2022 ANNUAL GUIDANCE Capital spending (US$MM) Total production (Mboe/d) Liquids production (Mbbl/d) Average production tax rate (% of net sales, before transportation) Operating expense (US$/boe) Transportation expense (US$/boe) Cash G&A expense (US$/boe) Current tax expense (US$MM) Bakken oil price differential. vs WTI (US$/bbl) (1) 7% $10.00 $4.25 $1.20 2% -3% of adjusted funds flow before tax Marcellus natural gas price differential. vs NYMEX (US$/Mcf)(1) $+1.00 $(0.75) 1) Excluding transportation costs. 84% $400-$440 MILLION 13% 3% Marcellus Canada DJ Basin 18

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