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.), excluding the Brooks divestment which was announced subsequent to December 31, 2016 0.9 billion bbls
2P Gross Reserves at December 31, 2016
(net of the Brooks divestment which was announced subsequent to year-end)
51 MMBOE
Unriskded "Best Estimate" Economic Contingent Resources at December 31, 2016 34 MMBOE
(EOR & IOR)
Future Net Drilling Locations
P+PUDs
Contingent Resources
82 wells
(28)
(54)
Average Decline Rate 14%
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Last Updated: March 15, 2017
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