Enerplus Core Drilling and Production Overview
2022: disciplined plan, robust free cash flow generation
Key figures
2022e free cash flow sensitivities (rest of year prices)(2)(3)
TOTAL
PRODUCTION
97,500-101,500
BOE/D
8% growth vs 2021 (1)
$
CAPITAL
SPENDING
$ MILLIONS
ال.
REINVESTMENT
RATE
FREE CASH
FLOW(2)
$ MILLIONS
$400-$440
-35%
at $90/bbl WTI (3)
$800
at $90/bbl WTI (3)
Free cash flow ($ millions)
$900
22%
$850
$800
$750
$750
$700
23%
$800
$650
2022e
FCF
$80 WTI
2022e
FCF
$90 WTI
Free Cash Flow
enerPLUS
24%
25%
$850
20%
15%
10%
2022e
FCF
$100 WTI
-Free Cash Flow Yield
1) 2022 growth of 8% is based on the guidance midpoint. 2022 growth is partially impacted by the timing of Enerplus' 2021 acquisitions.
2) See Non-GAAP & Other Financial Measures in "Advisories".
3) Based on realized prices through July 2022 and flat oil prices thereafter (assumes $6.50/Mcf NYMEX). Free cash flow yield is calculated as annual 2022 free cash flow divided by Enerplus' market capitalization on Sep 21, 2022.
6
Free cash flow yieldView entire presentation