Economics : Type Curve

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Three Record CLR Bakken Wells in Last Two Quarters Larger enhanced completions and more aggressive flowback resulted in record 30day rates: Larger enhanced completions well locations Brangus North, Holstein Federal & Rath Federal MB & TF1 Holstein Federal Charolais North 1-31H1 Wells performing above 980 MBoe type curve(1) 13-25H IP: 2,718 Boe IP: 2,761 Boe (initial wells on unit) Maryland 2-16H IP: 1,264 Boe MB, TF1, TF2 Brangus North 1-2H2 120,000 IP: 2,493 Boe Nashville 2-21H 100,000 IP: 1,417 Boe MB, TF1, TF2, TF3 Corsican Federal 80,000 MB or TF1 1-15H MB & TF1 Rath Federal IP: 1,836 Boe Cum Boe 5-22H 60,000 IP: 2,395 Boe 90 days 35% higher 40,000 than type curve 20,000 50 Miles MB or TF1 0 CLR Leasehold 0 20 40 60 80 100 CLR Larger Enhanced Completion Normalized Days Note: Larger enhanced completions defined by 7 initial unit wells with greater than 720 lb/ft proppant 1. Normalized to 9,800 lateral 8
Continental Resources, Inc.
March 2017

Fort Berthold Well Performance High Intensity Completions High intensity completion design (1,000 lbs/ft. of proppant) driving strong performance Wells generating 30% 55% IRRs at WTI US50/bbl(1) Enerplus Bakken Well Performance(2) Enerplus Three Forks Well Performance(2) Cumulative barrels of oil (24 wells) Cumulative barrels of oil (19 wells) 500,000 1,200 MBO (1,400 MBOE) Type Curve 500,000 1,200 MBO (1,400 MBOE) Type Curve 450,000 900 MBO (1,050 MBOE) Type Curve 450,000 900 MBO (1,050 MBOE) Type Curve 400,000 400,000 TF2 350,000 350,000 TF2 300,000 300,000 250,000 250,000 200,000 200,000 150,000 150,000 100,000 100,000 50,000 50,000 0 0 0 50 100 150 200 250 300 350 400 0 50 100 150 200 250 300 350 400 Days Days 1) Based on total well cost of US8mm, differential to WTI of -US6.00/bbl 13 2) Normalized producing days, excluding downtime. Production data based on 2-mile lateral wells since 2014
Enerplus Corp
January 2017

FBIR Well Performance vs. Type Curve (1) (2) Note: See Cautionary Statements on page 3 for a discussion on risks associated with EURs. 22 (1) Program consists of 86 wells. (2) Formation: Middle Bakken and Three Forks
Halcon Resources Corp
January 2017

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