Enerplus Closes the Sale of Remaining Canadian Assets

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Enerplus Corporation

Dec 19, 2022, 17:00 ET

CALGARY, AB, Dec. 19, 2022 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announced today that it has closed the previously announced sale of substantially all of its remaining Canadian assets to Surge Energy Inc. for total consideration of CDN$245 million, prior to closing adjustments.

About Enerplus

Enerplus is an independent North American oil and gas exploration and production company focused on creating long-term value for its shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations. For more information, visit the Company's website at www.enerplus.com.

SOURCE Enerplus Corporation

Investor Contacts: Drew Mair, 403-298-1707; Krista Norlin, 403-298-4304

Organization Profile

Enerplus Corporation

Enerplus Corporation is a responsible developer of high quality crude oil and natural gas assets in Canada and the United States committed to creating value for its shareholders through a disciplined capital investment strategy....