Enerplus Resources USA Corporation

Founded in 1986, Enerplus was Canada’s first oil and gas royalty trust with a proven track record for delivering competitive returns for our shareholders. As we transitioned our assets to focus on unconventional, organic growth opportunities, we have continued to prioritize responsible development and thoughtful investment to create value for our shareholders.

Today, we’re an independent North American exploration and production company focused on developing our high-quality assets through a disciplined, returns-based capital program. This focus, our accountability and our people will help us deliver differentiated long-term shareholder value.

People & Culture - the Foundation of Our Success

• Our company is made up of skilled people with diverse backgrounds and experience.
• We are innovative, motivated and accountable.
• Operational excellence in a safe and responsible manner is our number one priority.

High-Quality Assets

• We have built a portfolio of capital efficient assets that provide a platform for profitable growth and competitive financial returns.
• We actively manage and optimize our asset portfolio with a focus on creating long-term value.

Disciplined Capital Allocation

• Our capital investment decisions are underpinned by a comprehensive process of evaluating the highest financial return opportunities in our portfolio.
• We target profitable and sustainable growth focusing on per share metrics.

Board Mandate

The Board of Directors is responsible for the overall stewardship of Enerplus and its subsidiaries. The Board discharges this responsibility directly and through delegation of specific responsibilities to committees of the Board, the Chairman of the Board and the officers of the Corporation, all as more particularly described in the Board Mandate adopted by the Board of Directors.  As set out in the Board Mandate, the Board of Directors has established five committees to assist with its responsibilities: the Audit & Risk Management Committee; the Compensation & Human Resources Committee; the Corporate Governance & Nominating Committee; the Reserves Committee; and the Safety & Social Responsibility Committee. Each committee has a charter defining its responsibilities.

Doing Business with Us

We are proud to work with landowners and contractors across Western Canada, North Dakota, Montana and Colorado to develop our energy resources responsibly.    Our business approach ensures the health and safety of workers, respects the environment and builds positive relationships that support the communities in which we work.  We operate with honesty, transparency and integrity and we have policies and procedures to guide our work. We expect all current and potential contractors to be familiar with and uphold the same corporate values and practices as our employees. When you’re doing work for us, you’re an ambassador for us.

Our Culture 

Being competitive in today’s world means you have to be willing to think and act differently. We see our culture of accountability as a competitive advantage. Our cultural beliefs, below, guide the experiences we provide to our people, and that our people create for each other. Our culture is key to accelerating our performance and results.

Operations Overview

We are focused on the development of high-quality North American oil and natural gas assets. Today, our portfolio includes light oil assets in the Williston Basin (North Dakota and Montana), a position in the Marcellus natural gas shale play (northeast Pennsylvania) as well as a group of oil assets under secondary and tertiary recovery in western Canada.

Our Approach

At Enerplus, we are proud of what we do and how we do it. We are committed to keeping people safe, respecting the environment and being a trusted neighbour.  Sustainable business practices are indispensable to managing our risks and operating efficiently. For us, sustainability is our capacity to manage our economic commitments alongside our safety, environmental and social responsibilities.   Our Safety & Social Responsibility (S&SR) approach is to make sure health, safety, environment, stakeholder engagement and regulatory compliance are integrated into everything we do, as we recognize this commitment is essential to our success.  Our S&SR Management System directs our work and guides the development and implementation of our Safety & Social Responsibility Policy. S&SR risk management practices identify, evaluate, prioritize and mitigate our health, safety, regulatory compliance, and environmental risks. These program elements are critical to our ability to execute on our S&SR approach.