Investor Update November 2023

Overview of Enerplus' Bakken position 236,000 NET ACRES 655 NET DRILLING LOCATIONS Core extended core -77,702 BOE/D Q3 2023 production 68% crude oil 16% NGL 16% natural gas MONTANA NORTH DAKOTA Williams Williams McKenzie Little Knife 2 RIGS, -50 NET WELLS ONLINE (1) 2023 operational plan Oil price $0.25/BBL BELOW WTI 2023E Bakken crude oil avg price differential Billings Enerplus operated acreage Enerplus non-op acreage 1) 2023 onstreams includes operated and non-operated wells. enerPLUS Enerplus North Dakota Production MBOE/D 70 Mountrail 60 60 FBIR 50 38 40 30 20 Dunn Murphy Creek 10 57 65 2020 2021 2022 16

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