Enerplus operates a large portfolio of crude oil waterfloods in Alberta and Saskatchewan which provide stable, sustainable production and cash flow.

Canadian Oil - Waterfloods

Our Canadian crude oil assets are mature properties that provide stable cash flow and production growth potential through enhanced oil recovery techniques and additional drilling opportunities.

With a low estimated base production decline rate of approximately 14%, these properties complement newer growth properties that have higher initial decline rates.  

Canadian Oil Waterfloods - Key Facts
Discovered OOIP (W.I.) 1.1 billion bbls
Recovery Factor to Date(1) 23%
2P Reserves at Dec 31, 2015(2) 67 MMBOE
Best Est. Economic Unrisked Contingent Resources Dec 31, 2015(2) 35 MMBOE (EOR & IOR)
Future Net Drilling Locations
P+PUDs
Contingent Resources
93 wells
(30)
(63)
2016E Production 15,000-16,000 BOE/day
Average Decline Rate 14%
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Last Updated: November 14, 2016
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