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Returns & Value Focused

At Enerplus, we're focused on creating long-term value for our shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations.

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Environment

We work hard across our operations to develop our oil and natural gas resources in a safe and responsible way. We apply best practices, operating strategies and technologies to minimize our environmental impact. Through our formalized air and water strategies, we are working to reduce our environmental footprint while striving to be the best operator in the basins in which we operate. 

We consider the environment during each stage of development right through to eventual decommissioning. Before we start, we conduct a pre-disturbance assessment to identify potential environmental sensitivities, risks and enhancement opportunities. Gathering this information provides us with a good understanding of the “pre-development” state of an area so that we can avoid sensitive environmental features, rare plants and sensitive/endangered wildlife. This information also helps us plan project reclamation. 

Air

The management and reduction of air emissions has emerged as a major operational, reputational and regulatory risk for organizations. Climate related policies and regulations pertaining to emissions are becoming increasingly stringent, requiring operational adaptation.  

Our strategy is to reduce our Scope 1 and Scope 2 greenhouse gas (GHG) emissions. We are setting both short and long-term targets to reduce our emissions intensity by leveraging technological innovation and operational efficiency. By proactively working to decrease our GHG emissions, we are better able to adhere to the strict and evolving regulatory regimes under which we operate. In addition, reducing our emissions will also drive efficiencies which provide positive impacts financially and operationally.  

We also participate in various Canadian Association of Petroleum Producers (CAPP) committees and working groups. Our participation in CAPP environmental working groups provides opportunities to share knowledge with other industry members and to participate in joint environmental initiatives. It also allows us to help shape the regulatory framework for climate change in Canada.

Land

We believe that by taking a proactive approach to our land use, we can responsibly manage our impact.

To reduce environmental impacts during the life of a site, we use:

  • A pre-disturbance assessment standard to evaluate risks to the environment prior to construction activities.
  • A range of response, assessment and monitoring tools to mitigate and/or remediate any impacts that may occur during operations.
  • Various phases of environmental site assessments and activities to bring the site to closure once a site has been decommissioned. 

Asset Retirement

We conduct environmental assessments once a site is decommissioned to identify surface and subsurface contamination. If contamination is found, we remediate and reclaim the site. Once the site has been reclaimed to a productive state, we attain a reclamation certificate.  

Water

As a foundational tenet of our corporate responsibility, we strive to reduce the use of freshwater in our operations. We are doing this by introducing treated, produced water into our completions process in our North Dakota drilling operations.  

While our assets are located exclusively in lower risk watersheds, the nature of our operations require significant amounts of water. Our ability to deploy technological advancements and increase our water reuse is a challenge we are willing to embrace.  

Sustainability & ESG
2021 ESG Report

Enerplus’ core values include a commitment to develop its resources responsibly and profitably, while making a positive contribution to society

View Our 2021 Report
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