68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus

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U.S. Bakken Infrastructure Capacity Barrels 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Pipe Capacity Shortfall Plains Bakken Proposal Keystone XL Market Link Belle Fourche Proposal Enbridge Bakken 125k 80k Enbridge North Dakota Butte Pipeline 50k 100k 60k 93k 186k 150k • Current U.S. Bakken production is ~400 MBOE/day • 500 MBOE/day in 2011 • Pipeline capacity shortfall: • 80 MBOE/day in 2010 • could increase to 125 MBOE/day in 2011 • Rail and trucking covers capacity shortfall Mandan Refinery 55k 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Internal company data and industry analysis • Numerous new pipelines and expansions of over 300 MBOE/day are proposed to address the takeaway shortfall • We control some pipeline capacity and also sell to intermediaries who hold capacity on existing pipelines or who have access to trucking/railing facilities 23
Waterfloods Key Facts OOIP P+P Reserves (Dec 31, 2010) Best Est. Contingent Resources ~1.3 billion BOE 83.7 MMBOE (booked to 27%) 60.5 MMBOE Recovery to date 21% Average Oil Quality 2011E Annual Production 30° API 13.5 – 15.0 MBOE/day 18% of company total Low decline, predictable base production • Free cash flow supports dividend and growth strategy • ~50% of operating income reinvested into waterflood assets • Production expected to decline at ~10% before capital additions in 2011 • 2010 additions of 3.5 MMBOE (plus 0.6 MMBOE positive revisions) 24
Page 1 and 2: The Game Plan Enerplus Corporation
Page 3 and 4: Corporate Profile • Trading Symbo
Page 5 and 6: Significant Portfolio Repositioning
Page 7 and 8: 2010 Year-End Reserves Summary P+P
Page 9 and 10: Added Meaningful Upside Potential C
Page 11 and 12: 2011 Capital Focus Resource Play Ca
Page 13 and 14: Financial Outlook 900 800 Oil Gas A
Page 15 and 16: Crude Oil
Page 17 and 18: Bakken & Three Forks Geology Middle
Page 19 and 20: Fort Berthold, North Dakota Key Fac
Page 21 and 22: Fort Berthold Results Long laterals
Page 23: Significant Future Production Growt
Page 27 and 28: Waterflood Development Plans • 20
Page 29 and 30: Marcellus Shale Gas Overview • Cu
Page 31 and 32: Marcellus Performance - Cumulative
Page 33 and 34: Marcellus Drilling Activity To Date
Page 35 and 36: Future Production Growth in the Mar
Page 37 and 38: Long-Term Strategy for Enerplus •
Page 39 and 40: 2011 Guidance Summary of 2011 Expec
Page 41 and 42: Cash Flow Sensitivity The sensitivi
Page 43 and 44: Reserves and Contingent Resources P
Page 45 and 46: Enerplus Ownership Canadian US & Fo
Page 47 and 48: Long-Term Debt ($ thousands) Decemb
Page 49 and 50: Fort Berthold Development Plans B 1
Page 51 and 52: Fort Berthold Well Costs Long Later
Page 53 and 54: Fort Berthold Production - Gatherin
Page 55 and 56: Supplemental Waterflood Information
Page 57 and 58: Polymer Flood • Polymer is chemic
Page 59 and 60: Dec-14 Dec-13 Dec-12 Dec-11 Dec-10
Page 61 and 62: Giltedge - Polymer Project Costs an
Page 63 and 64: Medicine Hat Glauc C - Production H
Page 65 and 66: 2011 Development Capital Plans at M
Page 67 and 68: Freda Lake Ratcliffe Unit Freda Lak
Page 69 and 70: Supplemental Marcellus Information
Page 71 and 72: Marcellus Well Design • Drilling
Page 73 and 74: Gathering Gas in the Marcellus NE P
Page 75 and 76:
Supplemental Deep Basin Information
Page 77 and 78:
Stacked Mannville Key Facts Key pro
Page 79 and 80:
Stacked Mannville Type Curve Econom
Page 81 and 82:
Montney Type Curve Economics AECO (
Page 83 and 84:
Disclaimers Assumptions All economi
Page 85:
Disclaimers NOTICE TO U.S. READERS
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68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus

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