Enerplus
Enerplus, founded in 1986, is an independent North American exploration and production company focusing on high-quality oil and natural gas assets, with significant operations in North Dakota's Bakken and Pennsylvania's Marcellus shale regions.
Enerplus History
Enerplus was founded in 1986 as Canada’s first oil and gas royalty trust. Over the years, it has evolved to become an independent North American exploration and production company. Enerplus has a robust portfolio of high-quality oil and natural gas assets, focusing on profitability and sustainable growth.
Enerplus Services
Enerplus is dedicated to the exploration, development, and production of oil and natural gas. The company operates primarily in North America and manages significant assets in both the Bakken light oil shale play in North Dakota and the Marcellus natural gas shale region in northeast Pennsylvania. Enerplus emphasizes a disciplined, returns-based capital allocation strategy and aims to develop its resources responsibly and profitably.
Enerplus Core Operations
Enerplus holds approximately 236,600 net acres in North Dakota, where it concentrates primarily on the Bakken / Three Forks light oil shale play. The company's operations in the Marcellus shale encompass around 31,950 net acres in the dry gas window in northeast Pennsylvania. Enerplus' 2023 production figures highlight its substantial output, including 72,925 barrels of oil equivalent per day from North Dakota and 155 million cubic feet per day from its Marcellus shale assets.
Enerplus Commitments
Enerplus is committed to developing its resources in an environmentally and socially responsible manner. The company employs a formalized air and water strategy to minimize environmental impact and has set targets to reduce its Scope 1 and Scope 2 greenhouse gas emissions. Enerplus also prioritizes health and safety through its comprehensive Health and Safety Policy and site-specific Emergency Response Plans. Stakeholder engagement and community support are also key elements of its operation, with nearly $350,000 contributed in 2021 to local communities.
Enerplus Corporate Structure
Enerplus has corporate offices in Calgary, Alberta and Denver, Colorado. The company is listed on both the Toronto and New York Stock Exchanges under the ticker symbol ERF. Enerplus supports a hybrid work program and employs a 'No Dress Code Dress Code' practice to enhance employee engagement and productivity. It maintains active memberships with various industry trade associations, including the American Exploration & Production Council and the Canadian Association of Petroleum Producers.