Enerplus Core Drilling and Production Overview
MARCELLUS OVERVIEW
Core acreage position in the Marcellus dry gas window.
■ Non-operated position in Marcellus dry gas core
32,700 net acres
160-170 MMcf/d production (1)
High quality exposure to robust natural gas prices
Low cost structures
Stable production, consistent free cash flow generation
enerPLUS
MARCELLUS POSITION - NE PENNSYLVANIA
Bradford
Susquehanna
Wyoming
Sullivan
Lycoming
Marcellus production & capital spending
MMcf/d and $ millions
Marcellus pricing exposure (Jul-Dec)
Approx. % of natural gas sales
200
$60
18%
ול+
■Leidy
150
$25
$55
$40
100
■TZ6 Non-NY
$20
50
■ Gulf Coast
154
158
160-170
$0.75/Mcf
2022e portfolio
differential below
19%
O
$0
■ Other
60%
NYMEX
2020
2021
2022e
Production
Capital
3%
24
1) Enerplus production, net of royalties.View entire presentation