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Buying Calgary-based Enerplus will increase Chord’s production to the equivalent of 287,000 boed and give it a total 1.3 million net acres in the Williston basin.
(Bloomberg) -- Chord Energy Corp. agreed to buy Enerplus Corp. for $3.7 billion in stock and cash, continuing a flurry of oil and gas dealmaking and creating a leading producer in the Bakken shale formation of the northern US plains.Most Read from BloombergNvidia Surges After AI Boom Shows No Signs of Letting UpBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapYour 401(k) Will Be Gone Within a DecadeChina Tightens Grip
By Ben Glickman Enerplus shares rose in post-market trading after the company said it would merge with Chord Energy in a deal that would create an $11...
Enerplus Builds Bakken Stronghold with Takeover of Pure-Play Bruin E&P Canadian producer Enerplus Corp. has gained more exposure in North Dakota’s Bakken Shale with a $465 million takeover of Houston-based Bruin E&P HoldCo LLC. The deal announced Monday for the North Dakota assets of the Bakken pure-play is forecast to propel a 20% production jump for Calgary-based Enerplus to a combined 103,500-108,500 boe/d. The acquired assets, near existing Enerplus properties, also include 149 drilling targets. “With immediately adjacent acreage offering strong operational synergies, Bruin’s asse...