Deal Insight
Enerplus merges with Chord in US$3.8 billion deal
Report summary
Bakken producers Chord Energy and Enerplus Corporation will merge in a deal valued at US$11 billion. Chord will acquire all outstanding Enerplus stock in exchange for 0.10125 shares of Chord common stock plus a cash payment of $1.84 per share for a total deal consideration of US$3.8 billion, inclusive of Enerplus' net debt. The total consideration represents a 90% equity and 10% cash split.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 11 images and tables including:
- Executive summary: Table 1
- Pro-forma Bakken/Three Forks acreage map
- Williston Basin oil well results (2021-2023)
- Chord pro-forma 2P inventory by reservoir
- Chord pro-forma Williston Basin cost curve
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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