Enerplus Corp was incorporated on August 12, 2010. It is a crude oil and natural gas exploration and development company. The Company's oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia and Saskatchewan, and in the United States, in the states of Montana, North Dakota, Pennsylvania and West Virginia. The Canadian crude oil portfolio includes a variety of properties producing from the Cardium, Viking, Boundary Lake, Ratcliffe, Sparky/Lloydminster, Lower Mannville and Glauconitic formations. The Canadian natural gas properties are located in Alberta, Saskatchewan and British Columbia. Its focus area is within the Deep Basin region where the company holds approximately 162,000 net acres of high working interest lands. The Company's crude oil and NGLs production is marketed to a diverse portfolio of intermediaries and end users generally on 30-day continuously renewing contracts for crude oil and yearly contracts for NGLs whose terms fluctuate with the monthly spot markets. In Canada, the Company sells its natural gas production at a mix of fixed and floating prices for a variety of terms ranging from spot sales to one year or longer. The Company's operation is subject to the applicable municipal, provincial, state and federal environment, health and safety laws and regulations in its operating areas in both Canada and the United States.
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