Enerplus Corporation

Enerplus Corporation is an oil and natural gas exploration and production company focused primarily on crude oil production in the Bakken formation in North Dakota and natural gas production in the Marcellus basin in northeast Pennsylvania. The company is in the production and development stage, with its operations concentrated in two core areas.

In the Bakken, Enerplus holds approximately 236,000 net acres located mainly in Dunn, McKenzie, Montrail, and Williams counties where the company has an inventory of over 650 net drilling locations and expects to bring approximately 50 net wells online on 2 rigs and an average total production of ~77,702 BOE/D of oil, natural gas liquids and natural gas.

In the Marcellus, Enerplus has interests in dry natural gas properties across approximately 32,500 net acres operated by other companies. The Marcellus assets currently produce around 155 million cubic feet of natural gas per day, with production sold into various regional markets.

Enerplus has a market capitalization of approximately US$3.5 billion. The company expects strong free cash flow generation from its Bakken oil wells and plans to return substantial capital to shareholders through dividends and share repurchases.