Chord (CHRD) to Solidify Its Position in the Williston Basin
CHRDChord Energy (CHRD) Zacks Investment Research·2024-02-23 23:06

Chord Energy Corporation (CHRD) ), a U.S. oil and gas producer, signed an agreement to acquire Calgary- based Enerplus Corporation (ERF) in a stock-and-cash transaction. The combined entity — with an enterprise value of approximately $11 billion — will acquire a premier position in the Williston basin. This basin has approximately 1.3 million net acres in area and registered a production of 287,000 barrels of oil equivalent per day in the fourth quarter of 2023. After the merger, the new company will be abl ...