Enerplus - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Enerplus M&A Summary

Enerplus has acquired 2 companies, including 2 in the last 5 years. It has also divested 2 assets.

Enerplus’ largest acquisition to date was in 2021, when it acquired Bruin E&P HoldCo for $465M. It’s largest disclosed sale occurred in 2022, when it sold Enerplus - Certain Canadian Assets to Journey Energy for $106M. Enerplus has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Enerplus Business Overview

Where is Enerplus headquartered?

Enerplus is headquartered in Calgary, Alberta.

What is Enerplus’ revenue?

Enerplus disclosed revenue of 1,694M USD for 2023 and 2,156M USD for 2022.

How many employees does Enerplus have?

Enerplus has 404 employees.

What sector is Enerplus in?

Enerplus is an oil/gas exploration company.

When was Enerplus founded?

Enerplus was founded in 1986.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity2
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 6

Enerplus

Enerplus Corp.

The Dome Tower Suite 3000 333 - 7th Avenue SW,
Calgary, Alberta T2P 2Z1
Canada,
(403) 298-2200
www.enerplus.com

Enerplus is a North American energy producer with a portfolio of high-quality, low-decline oil and gas assets, complemented by growth assets in resource plays with superior economics. Enerplus was incorporated in 1986 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - - 2 - - - 2
vol $777M $777M
Sell (0.2/yr) # 1 - - 1 - - 2
vol $106M $106M $212M
  4

Most Recent M&A

Company Date Value Type
Enerplus Corp. - Certain Canadian Assets 2022-07-28 106M CAD Divestiture
, Alberta
Hess - Williston Basin Assets 2021-04-08 312M USD Divestiture
New York, New York
Bruin E&P HoldCo, LLC 2021-01-25 465M USD Add-on Acquisition
, Montana
Enerplus - Southwest Saskatchewan Viking Assets 2013-11-01 106M USD Divestiture
, Canada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 777M (100%) 2 (100%) 212M (100%)
Total 2 $777M 2 $212M

By Geo

State/Country Buy Value Sell Value
Canada - - 2 212M
  Alberta - - 1 106M
United States 2 777M - -
  New York 1 312M - -
  Montana 1 465M - -
Domestic - - 2 (100%) 212M (100%)
Cross-border 2 (100%) 777M (100%) - -
Total 2 $777M 2 $212M

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
 1
BMO Capital Markets
 1
FirstEnergy Capital Corp.
 1
Legal Deals
Vinson & Elkins
 2
Blake, Cassels & Graydon
 1

Deal Values

buy # Total
$100M to $1B 2 $777M
TOTAL $777M
Largest Bruin E&P HoldCo, LLC
$465M (2021-01-25)
sell # Total
$100M to $1B 2 $212M
TOTAL $212M
Largest Enerplus Corp. - Certain Canadian Assets
$106M (2022-07-28)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,694   22% 2023
2,156   79% 2022
1,208   87% 2021
647   44% 2020
1,154   2019
(millions of USD) Show More Show Less

Employees

404

Established

1986

Public

NYSE: ERF

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