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Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022

Enerplus Bets on Bakken for 2022; Drill 50 Wells, 1.5 Rigs

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Enerplus Bets on Bakken for 2022; Drill 50 Wells, 1.5 Rigs

Enerplus Corp. reported its 2022 capital plan and guidance.

2022 Plan

- Capex: $370-430 million - up 33% vs. 2021

- Capex by Play

Bakken (83%): $307-357 million Marcellus (10%): $37-43 million Canada Oil Sands (4%): $15-17 million DJ Basin (3%): $11-13 million

- Rigs Running: 1-2 rigs

- Well Plans (gross): Drill 46-54 gross wells :: Complete/TIL 36-44 wells - relatively flat YOY

- Production: 95,500-100,500 BOEPD - up 9% vs. 2021

Liquids Production: 58,000-62,000 Bbls/d 2022 Guidance Outline

Enerplus' previously announced 2022 preliminary outlook was $400 million of capital spending expected to result in production of approximately 98,000 BOE per day, including 60,000 barrels per day of liquids. Enerplus has provided formal 2022 guidance of $370 to $430 million of capital…

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