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Enerplus

#3090

Rank

$4.1B

Marketcap

CA Canada

Country

Enerplus
Leadership team

Mr. Ian Charles Dundas B.Com., B.Comm., L.L.B., LLB (Pres, CEO & Non-Independent Director)

Ms. Jodine Julene-Jenson Labrie B.Com., B.Comm, C.A., CBV (Sr. VP & CFO)

Mr. Wade D. Hutchings (Sr. VP & COO)

Products/ Services
Energy, Natural Resources, Oil and Gas
Number of Employees
100 - 500
Headquarters
Calgary, Alberta, Canada
Established
1986
Company Registration
SEC CIK number: 0001126874
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ERF
Social Media
Overview
Location
Summary
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium crude oil; 20.7 MMbbls of heavy crude oil; 299.3 MMbbls of tight oil; 56.2 MMbbls of natural gas liquids; 19.7 billion cubic feet (Bcf) of conventional natural gas; and 1,367.9 Bcf of shale gas. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada.
History

Enerplus was established in 1986 by Marcel Tremblay, a pension fund manager and John Brussa, a lawyer. It was originally called Enerplus Resources Fund, and it was Canada's first income trust. Its original purpose was to provide income from mature, aging oil and gas assets to retail investors, taking advantage of the tax advantages of the income trust structure. It started trading on the Toronto Stock Exchange in 1986 with a $10 million IPO.In 1996, Mark Resources renamed itself Enermark, became an income trust, and joined the Enerplus group of companies. This was at the behest of Enerplus's then-CEO, Marcel Tremblay, in response to a hostile take-over attempt. In 2000, Enerplus merged with the Westrock Funds. In 2001, Enermark was merged into Enerplus. In 2004, it bought some of ChevronTexaco's western Canadian assets for $467 million. In 2005, Enerplus acquired American energy company Lyco Energy for $500 million, as part of an expansion strategy into the United States. Lyco held assets in South Dakota and Montana. This was the largest American acquisition by a Canadian oil and gas income trust to that time.In 2008, Enerplus acquired Focus Energy Trust for $1.4 billion in stock. Focus unit-holders ended up owning 20% of the merged entity. Focus primarily specialized in natural gas production. In 2010, Enerplus sold their Kirby oilsands leases for $400 million, as a move of the company away from the oilsands. Around the same time, the company bought several properties in the Bakken formation in North Dakota for US$456 million.

Enerplus Corporation converted from an income trust to a corporate entity on January 1, 2011, after receiving approval by 98.5% of unitholders. This was done because of changes in the taxation rules for income trusts.

In 2016, Enerplus sold its Alberta natural gas properties for $193 million.

Vision
To be a leader in responsible, environmentally sound oil and natural gas production and be a respected contributor to the communities in which we operate.
Key Team

Mr. David A. McCoy B.Comm., Llb (VP, Gen. Counsel & Corp. Sec.)

Mr. Nathan Douglas Fisher (VP of United States Bus. Unit)

Drew Mair (Mang. of Investor Relations)

Mr. Garth R. Doll (VP of Marketing)

Ms. Pamela Anne Ramotowski (VP of People & Culture)

Recognition and Awards
Enerplus has earned numerous industry awards such as Best Specialty Gas Company in Canada, Best Exploration and Production Company of the Year and Best Oil & Gas Company of the Year.
References
Enerplus
Leadership team

Mr. Ian Charles Dundas B.Com., B.Comm., L.L.B., LLB (Pres, CEO & Non-Independent Director)

Ms. Jodine Julene-Jenson Labrie B.Com., B.Comm, C.A., CBV (Sr. VP & CFO)

Mr. Wade D. Hutchings (Sr. VP & COO)

Products/ Services
Energy, Natural Resources, Oil and Gas
Number of Employees
100 - 500
Headquarters
Calgary, Alberta, Canada
Established
1986
Company Registration
SEC CIK number: 0001126874
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ERF
Social Media