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EnerComs The Oil and Gas Conference – Enerplus Corp

Enerplus Corp · Aug 19, 2014 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 1
    EnerCom's The Oil and Gas Conference August 19, 2014 ERF TSX & NYSE
  2. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 2
    Enerplus Proven Strategy Focused, top tier Strong financial resource plays & flexibility mature assets with low decline Deliver sustainable, profitable growth and income to Disciplined, investors return-based capital Competitive…
  3. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 3
    Q2 2014 ResultsIncreased Production Guidance and Lower Costs 2014 Guidance ERF TSX & NYSE Q2 2014 2014 Guidance Revisions Average Production (BOE/day) 103,987 100,000-104,000 Guidance increased 4% Production mix (volumes) 44,000…
  4. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 4
    Core Areas U.S. OilWilliston Basin Operated Bakken/Three Forks position with 330 net future 2014 Capital drilling locations 40% Upside potential if higher recovery factor, additional Three Forks and EOR 25% of 2014E production…
  5. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 5
    Demonstrated Per Share Growth Production/share Funds Flow/share 0.20 4.31 4.50 0.18 0.18 0.16 4.00 3.76 BOE Per Thousand Shares 0.16 0.15 3.50 3.29 0.14 Per Share 3.00 0.12 2.50 0.10 2.00 0.08 0.06 1.50 0.04…
  6. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 6
    Sustainable Growth & Dividend Above average funds flow growth driving sustainable dividend 2012 2013 2014E Funds Flow (MM) 645 754 879 (1) Capital Expenditures (MM) 853 681 800 Net Acquisitions & Divestitures (MM) (91) (120)…
  7. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 7
    Funds Flow Protection WTI Crude Oil Hedges* Natural Gas Hedge Positions* Rest of 2014 Rest of 2014 AECO Swaps 4.25/Mcf 32% 50% 11% NYMEX Collars US95.42/bbl US4.30 - 5.08/Mcf 11% 68% 28% NYMEX Swaps US4.14/Mcf ** 12%…
  8. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 8
    Operated Light Oil Assets in the Williston Basin 2014E Production: 28,000 BOE/day Sleeping Giant 20% Fort Berthold 80% 2013 2P Reserves*: 131 MMBOE Sleeping Giant Fort Sleeping (Elm Coulee) Berthold Giant 20% Dunn…
  9. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 9
    Fort Berthold Future Growth Potential FTB NOI* and Production 2010-2019 800 50,000 45,000 700 40,000 600 35,000 500 30,000 Million CAD BOE/Day 400 25,000 20,000 300 15,000 200 10,000 100 5,000 - - 2010 2011…
  10. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 10
    Fort Berthold Well Density Schematic 6 / 7 Well Density* 8 Well Density* TF 2 &3 Upside** No Lower Three Forks Lower Three Forks TF3 & Additional Stand-Alone Locations Productive TF Wells * Assumes 15% recovery factor. 9 ** Super…
  11. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 11
    Fort Berthold: 127% Increase in Drilling Inventory Original View New View 184 new locations added 4 wells/ Avg. 7 wells/ Two thirds of locations are Locations DSU DSU long laterals BakkenLong 53 124 Three ForksLong 66 89 Average 7…
  12. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 12
    Fort Berthold: Improving Capital Efficiencies* 15,000 12,000 Reduction in well costs and significant 10,000 increase in IP rates Capital Efficiency* 10,000 (US/BOE/day) 8,500 driving top quartile 7,000 6,000…
  13. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 13
    Fort Berthold Completions Enhancements Leading to Best in Basin Well Results E+ Best Bakken E+ Best Three Forks Peak Calendar Month Cumulative Production* (bbls) Enerplus wells drilled without high volume completions…
  14. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 14
    Low Decline Canadian Waterflood Assets Key Facts 6% 19% 6% OOIP (W.I.) 1.3 billion bbls 10% Recovery Factor to Date 24% 2014E 2P Reserves at Dec 31, 2013 87 MMBOE Production 9% Best Estimate Contingent 59 MMbbls 28% Resource Dec…
  15. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 15
    Free Cash Flow from Waterflood Assets NOI: NOI: 350 NOI: 329 NOI: 320 301 NOI: 287 300 266 172 132 Significant free cash 137 179 250 flow generation with 124 reinvestment Million 200 typically around 60% 150 55%…
  16. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 16
    U.S. Core Gas: Marcellus Enerplus Land Key Facts Thickness Marcellus Well Net Acreage 57,500 acres 2P Reserves Dec 31, 601 Bcf 2013 Best Estimate Contingent 1,340 Bcf Resource Dec 31, 2013 Future Net Drilling 240 wells…
  17. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 17
    Marcellus: Superior Dry Gas Performance and Competitive Economics Tighter stage spacing and increased proppant continues to improve performance 5.0 2013 - 2014 Gross On-Streams 1 4.5 US 4.50/MMcf 12 Bcf EUR 13 Bcf EUR 16 Bcf EUR…
  18. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 18
    Northeast Pa. Marcellus Pipeline Infrastructure Future Takeaway Capacity Production growth could be capped at 1.5 Bcf/day based on the pace of expected pipeline additions in the NE Pa. Marcellus Could see basis relief by…
  19. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 19
    Canadian GasDeep Basin (Wilrich) Contiguous land blocks in highly prospective regions Key Facts Edson smaller acreage position Key properties Edson, Ansell, Minehead, - Infrastructure available Hanlan - Significant competitor…
  20. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 20
    Duvernay ShaleWillesden Green R12W5 R11W5 R10W5 R9W5 R8W5 R7W5 R6W5 R5W5 R4W5 R3W5 85,000 net acre (100% W.I.) land ENERPLUS 13-7-45-5W5M Rig Released: 8/30/2013 position built over past 3 years at Vertical Cored ENERPLUS HZ…
  21. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 21
    Our Competitive Advantage Focused portfolio in top tier resource plays: Bakken/Three Forks, Marcellus, Deep Basin & Waterfloods Continued focus on capital disciplinedelivering 14% production growth in 2014 with a target capital…
  22. EnerComs The Oil and Gas Conference – Enerplus Corp – slide 22
    Investor Relations Contacts Jo-Anne M. Caza 1-800-319-6462 Vice-President, Corporate & Investor Relations investorrelationsenerplus.com 403-298-2273 jcazaenerplus.com www.enerplus.com The Dome Tower Suite 3000, 333 7th Ave SW…

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