Deal Insight
Enerplus merges with Chord in US$3.8 billion deal
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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:
Other reports you may be interested in
Asset Report
Orion (MC 110)
Orion (MC 110) is an oil and gas field located in the Flextrend of the Gulf of Mexico. The field produces via three wells drilled from ...
$3,720
Insight
Q2 North America LNG projects update: Costa Azul FID waiting on SENER
For developers of pre-FID North America LNG projects, the current market difficulties are palpable. Momentum is faltering.
$1,050
Insight
Q4 2018 North America LNG projects update: FIDs imminent on three Gulf Coast projects
Cheniere, Venture Global, Sempra, Tellurian and Woodfibre all announced offtake agreements supporting new capacity.
$1,050
