Chord Energy and Enerplus Seal Merger Deal

Enerplus (TSE:ERF) has released an update.

Chord Energy and Enerplus Corporation have successfully completed their business merger, establishing a leading Williston Basin operator known for its substantial low-cost inventory, financial robustness, and superior shareholder returns. The combined entity boasts over $200 million in annual synergies, surpassing the initial $150 million projection. As a result of the merger, Enerplus shares have been exchanged for Chord stock and cash, with Enerplus set to be de-listed from stock exchanges following the transaction.

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