NASDAQ Framework: Chord Energy Corporation
Independent exploration and production company 1.
1: Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas. View Source
Chord Energy Corporation is an independent exploration and production company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Williston Basin, targeting the Middle Bakken and Three Forks formations. The company was formerly known as Oasis Petroleum Inc. and rebranded as Chord Energy Corporation in July 2022. Headquartered in Houston, Texas, Chord Energy operates with a best-in-class balance sheet and emphasizes rigorous capital discipline and generating free cash flow. The company is committed to operating efficiently, safely, and responsibly to develop its unconventional onshore oil-rich resources in the continental United States 234.
2: Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas. View Source3: Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin. View Source4: Chord Energy Corporation is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States. For more information, please visit the Company's website at www.chordenergy.com. View Source
NO
Chord Energy Corporation is not led by its founders, nor is there any indication that the founders are heavily involved. The company is currently led by Danny Brown, who serves as the President and Chief Executive Officer, and Michael Lou, who is the Executive Vice President and Chief Financial Officer 56.
Chord Energy Corporation is not led by its founders, nor is there any indication that the founders are heavily involved. The company is currently led by Danny Brown, who serves as the President and Chief Executive Officer, and Michael Lou, who is the Executive Vice President and Chief Financial Officer 56.
5: Chord Energy CorporationDanny Brown, President and Chief Executive OfficerMichael Lou, Executive Vice President and Chief Financial Officer Bob Bakanauskas, Managing Director, Investor Relations(281) 404-9600ir@chordenergy.com View Source6: "We are excited to complete the combination with Enerplus, creating a premier Williston Basin operator with enhanced scale, significant low-cost inventory, financial strength, and peer-leading shareholder returns," said Danny Brown, Chord Energy's President and Chief Executive Officer. "We are extremely grateful for the hard work, dedication, and positive attitude of both the Chord and Enerplus teams, who have been working diligently to help us realize the full potential of this combination. We are leveraging best practices from both companies to create a stronger, more efficient organization and, at this point, see over $200MM of annual synergies vs. our original estimate of $150MM." View Source
LOW RISK
Chord Energy Corporation demonstrates strong financial health with several key indicators supporting a low-risk assessment. The company has a low debt-to-equity ratio of 0.11, reflecting a conservative financial approach with minimal reliance on debt financing 7. Additionally, Chord Energy's net margin of 18.3% signifies efficient cost management and robust financial health 8. The company also showcases a high return on equity (ROE) of 3.91% and a return on assets (ROA) of 2.85%, both surpassing industry benchmarks and indicating effective use of equity capital and asset management 910. Furthermore, Chord Energy has achieved a revenue growth rate of 21.05% as of March 31, 2024, highlighting substantial top-line earnings growth 11. These factors collectively suggest that Chord Energy is well-positioned to cover its costs and spending plans, thereby classifying it as a low-risk entity.
Chord Energy Corporation demonstrates strong financial health with several key indicators supporting a low-risk assessment. The company has a low debt-to-equity ratio of 0.11, reflecting a conservative financial approach with minimal reliance on debt financing 7. Additionally, Chord Energy's net margin of 18.3% signifies efficient cost management and robust financial health 8. The company also showcases a high return on equity (ROE) of 3.91% and a return on assets (ROA) of 2.85%, both surpassing industry benchmarks and indicating effective use of equity capital and asset management 910. Furthermore, Chord Energy has achieved a revenue growth rate of 21.05% as of March 31, 2024, highlighting substantial top-line earnings growth 11. These factors collectively suggest that Chord Energy is well-positioned to cover its costs and spending plans, thereby classifying it as a low-risk entity.
7: Debt Management: Chord Energy's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach. View Source8: Net Margin: Chord Energy's net margin excels beyond industry benchmarks, reaching 18.3%. This signifies efficient cost management and strong financial health. View Source9: Return on Equity (ROE): Chord Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 3.91%, the company demonstrates effective use of equity capital and strong financial performance. View Source10: Return on Assets (ROA): Chord Energy's ROA excels beyond industry benchmarks, reaching 2.85%. This signifies efficient management of assets and strong financial health. View Source11: Revenue Growth: Over the 3 months period, Chord Energy showcased positive performance, achieving a revenue growth rate of 21.05% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector. View Source
12: 5E Advanced Materials Provides Organizational Update New director appointments and leadership changes strengthen the Company as it shifts strategic focus towards Phase 1 of commercial operationsHESPERIA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today provided a business update regarding its executive leadership and organizational structure. Effective GlobeNewswire • last month Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024. PR Newswire • last month S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index The shareholders of Chord Energy Corporation (NASD: CHRD) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Enerplus will be exchanged for 0.10125 shares of Chord and US$ 1.84 cash. Enerplus will be removed from the S&P/TSX Composite Index prior to the open of trading on May 31, 2024. The shares outstanding of Chord will be increased at the same time to reflect the issuance of shares. CNW Group • last month Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the first quarter 2024. PR Newswire • 2 months ago Chord Energy Schedules First Quarter 2024 Earnings Release and Conference Call Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its first quarter 2024 financial and operating results on Tuesday, May 7, 2024 after market close. The Company will host a live webcast and conference call on Wednesday, May 8, 2024 at 9:00 a.m. Central. PR Newswire • 2 months ago Chord Energy and Enerplus Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update Chord Energy Corporation (NASDAQ: CHRD) ("Chord" or "Chord Energy") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in connection with the pending combination between Chord and Enerplus, expired on April 5, 2024. CNW Group • 3 months ago Chord Energy Announces Updates to Executive Leadership Team Chord Energy Corp. (Nasdaq: CHRD) ("Chord", "Chord Energy" or the "Company") announced today that Michael Lou will serve as Executive Vice President, Chief Strategy Officer and Chief Commercial Officer and Shannon Kinney will serve as Executive Vice President, Chief Administrative Officer, and General Counsel. Additionally, Richard Robuck has been promoted to Executive Vice President and Chief Financial Officer. PR Newswire • 4 months ago Chord Energy Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, Declares Base and Variable Dividends and Issues 2024 Outlook Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the fourth quarter and full-year 2023 and announced its 2024 outlook. PR Newswire • 4 months ago Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company with Top-Tier Shareholder Returns Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") today announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in an approximately $11 billion stock and cash transaction. The combined company will have a premier Williston Basin position with deep, low-cost inventory, approximately 1.3 million net acres, combined 4Q23 production of 287 MBoepd, and enhanced free ca PR Newswire • 4 months ago Chord Energy Schedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its fourth quarter and full-year 2023 financial and operating results on Wednesday, February 21, 2024 after market close. The Company will host a live webcast and conference call on Thursday, February 22, 2024 at 10:00 a.m. Central. PR Newswire • 5 months ago Chord Energy Appoints Susan Cunningham Chair of the Board of Directors and Announces Darrin Henke as New Chief Operating Officer Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today announced the appointment of Susan Cunningham as Independent Chair of Chord Energy's Board of Directors, effective January 1, 2024. Lynn A. Peterson is scheduled to retire as the Executive Chair of Chord Energy's Board of Directors on December 31, 2023, which will reduce the Board size to nine members. The Company also announced the appointment of Darrin Henke to Executive Vice President and Chief Operating PR Newswire • 6 months ago Chord Energy Reports Strong Third Quarter 2023 Financial and Operating Results and Increases Share Repurchase Authorization to $750MM Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported third quarter 2023 financial and operating results and announced an increase to its share repurchase authorization. PR Newswire • 8 months ago Chord Energy Schedules Third Quarter 2023 Conference Call for November 2, 2023 Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its third quarter 2023 financial and operational results on Wednesday, November 1, 2023 after market close. The Company will host a live webcast and conference call on Thursday, November 2, 2023 at 8:00 a.m. Central. PR Newswire • 8 months ago Chord Energy Releases 2022 Sustainability Report Chord Energy Corporation (NASDAQ: CHRD) ("Chord" or the "Company") today announced the release of its 2022 Sustainability Report, which highlights Chord's commitment to environmental stewardship, social responsibility and corporate governance. The 2022 Sustainability Report is Chord's inaugural sustainability report following the combination of Oasis Petroleum Inc. and Whiting Petroleum Corporation in a merger of equals on July 1, 2022. The report is available on the Company's website at www.cho PR Newswire • 10 months ago Chord Energy Corporation Reports Financial and Operating Results for Second Quarter 2023, Declares Base and Variable Dividends and Issues Updated Outlook Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported second quarter 2023 financial and operating results. On July 1, 2022, the Company completed the merger of equals transaction between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting"). The results reported for the three and six months ended June 30, 2023 reflect the consolidated results of Chord, while the results reported for the three and six months ended June 30, 2022 re PR Newswire • 11 months ago View Source13: Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the first... View Source14: HOUSTON and CALGARY, AB, Feb. 21, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") today announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in an approximately $11 billion stock and cash transaction. The combined company will have a premier Williston Basin position with deep, low-cost inventory, approximately 1.3 million net acres, combined 4Q23 production of 287 MBoepd, and enhanced free cash flow generation to return capital to shareholders. View Source15: HOUSTON, May 31, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024. View Source16: Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas. View Source17: Chord Energy Schedules First Quarter 2024 Earnings Release and Conference Call Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its first quarter 2024 financial and operating results on Tuesday, May ... View Source18: 5E Advanced Materials Provides Organizational Update GlobeNewswire Jun 4, 2024 11:00am Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company PR Newswire May 31, 2024 1:00pm Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus PR Newswire May 7, 2024 8:38pm SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLC Investigates CHRD, FUSN, ADTH GlobeNewswire Apr 27, 2024 12:52pm TAKE ACTION: The M&A Class Action Firm Launches Legal Inquiry for the Merger – CTLT, MGRC, CHRD, HRT GlobeNewswire Apr 26, 2024 8:19pm Chord Energy, Canada's Enerplus to combine into $11 billion company, with eye on 'premier' position in North Dakota's Williston basin MarketWatch Feb 21, 2024 11:19pm View Source19: Citigroup raised the price target for the Chord Energy Corp (NASDAQ:CHRD) stock to “a Buy”. The rating was released on July 01, 2024, according to finviz. The research report from BMO Capital Markets has resumed the stock to Outperform, with a price target set at $230. The stock was downgraded by BofA Securities, who disclosed in a research note on January 05, 2024, from Buy to Underperform and set the price objective to $165. In their research brief published November 15, 2023, Wells Fargo analysts initiated the Chord Energy Corp stock to Overweight with a price target of $189. View Source20: 3 Best Stocks to Buy Now, 7/23/2024, According to Top AnalystsJuly 23, 2024TipRanksChord Energy price target lowered to $223 from $226 at TruistJuly 22, 2024TipRanksChord Energy price target raised to $234 from $233 at Piper SandlerJuly 18, 2024TipRanksPiper Sandler Sticks to Its Buy Rating for Chord Energy (CHRD)July 18, 2024TipRanksChord Energy reinstated with a Peer Perform at Wolfe ResearchJuly 17, 2024TipRanks View Source21: Chord Energy Corporation Overview Oil & Gas E&P / Energy View Source22: "We are excited to complete the combination with Enerplus, creating a premier Williston Basin operator with enhanced scale, significant low-cost inventory, financial strength, and peer-leading shareholder returns," said Danny Brown, Chord Energy's President and Chief Executive Officer. "We are extremely grateful for the hard work, dedication, and positive attitude of both the Chord and Enerplus teams, who have been working diligently to help us realize the full potential of this combination. We are leveraging best practices from both companies to create a stronger, more efficient organization and, at this point, see over $200MM of annual synergies vs. our original estimate of $150MM." View Source23: Revenue Growth: Over the 3 months period, Chord Energy showcased positive performance, achieving a revenue growth rate of 21.05% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector. View Source24: An in-depth analysis of recent analyst actions unveils how financial experts perceive Chord Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. View Source25: To gain a panoramic view of Chord Energy's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table. View Source26: Stay up to date on Chord Energy analyst ratings. View Source27: Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin. View Source28: Net Margin: Chord Energy's net margin excels beyond industry benchmarks, reaching 18.3%. This signifies efficient cost management and strong financial health. View Source29: Return on Equity (ROE): Chord Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 3.91%, the company demonstrates effective use of equity capital and strong financial performance. View Source30: Return on Assets (ROA): Chord Energy's ROA excels beyond industry benchmarks, reaching 2.85%. This signifies efficient management of assets and strong financial health. View Source31: Debt Management: Chord Energy's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach. View Source32: Is Chord Energy Corporation's (NASDAQ:CHRD) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? View Source33: Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company View Source34: Privacy Policy | Terms of Service © 2024 Chord Energy. All right reserved. View Source35: Chord Energy Reports First Quarter 2024 Financial and Operating Results, Declares Base and Variable Dividends, Issues Second Quarter Outlook and Provides Update on Pending Combination with Enerplus View Source36: Chord Energy Schedules First Quarter 2024 Earnings Release and Conference Call View Source37: "This combination further strengthens our Williston Basin position and represents a compelling opportunity for both companies' shareholders," said Danny Brown, Chord Energy's President and Chief Executive Officer. "Enerplus' Williston Basin position brings high-quality inventory, and we are excited to leverage best practices from both companies to create a stronger, more efficient entity. The combined company is expected to benefit from improving returns, capital efficiency, low-cost inventory, and a peer-leading balance sheet, all of which support sustainable free cash flow generation and meaningful shareholder returns. This is also a great opportunity for the employees and stakeholders of both Chord and Enerplus, as we believe the combined company will continue to benefit the communities in which we operate in North Dakota and Montana, including the Fort Berthold Reservation. We look forward to working closely with Enerplus to ensure that the full potential of this combination is realized for the benefit of all of our stakeholders." View Source38: Chord Energy Corporation is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States. For more information, please visit the Company's website at www.chordenergy.com. View Source39: Chord Energy CorporationDanny Brown, President and Chief Executive OfficerMichael Lou, Executive Vice President and Chief Financial Officer Bob Bakanauskas, Managing Director, Investor Relations(281) 404-9600ir@chordenergy.com View Source40: Chord Energy Corporation Bob Bakanauskas, Managing Director, Investor Relations(281) 404-9600ir@chordenergy.com View Source41: Chord Energy Corporation is an independent exploration and production company, which is engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas. The Company’s operations are focused on the North Dakota and Montana areas of the Williston Basin targeting the Middle Bakken and Three Forks formations which are present across a substantial portion of its acreage. The Company’s land position comprises approximately... View Source42: Home Stocks Chord Energy Corp Ordinary Shares - New View Source43: Chord Energy Corp Ordinary Shares - New CHRD View Source44: Facts about Chord Energy Corp (CHRD) Stock that you might not know View Source45: What Does Chord Energy Corp’s Profitability and Valuation Ratios Tell Us About the Stock? View Source46: The stock’s market cap achieved a total value of $10.68 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Chord Energy Corp (NASDAQ:CHRD) is 8.03. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.07. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.61 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.40, which equates the market value of a stock with its book value. View Source47: Tags Chord Energy Corp, CHRD, CHRD stock, NASDAQ:CHRD View Source48: Home News Stock News Analyst Expectations For Chord Energy's Future View Source49: Throughout the last three months, 8 analysts have evaluated Chord Energy (NASDAQ:CHRD), offering a diverse set of opinions from bullish to bearish. View Source50: Analysts have set 12-month price targets for Chord Energy, revealing an average target of $216.75, a high estimate of $234.00, and a low estimate of $195.00. Observing a 0.27% increase, the current average has risen from the previous average price target of $216.17. View Source
Chord Energy Corporation's product roadmap and expansion strategy for 2024 through to 2026 focuses on leveraging its recent combination with Enerplus to enhance its position in the Williston Basin. The merger, valued at approximately $11 billion, aims to create a premier operator with a significantly low-cost inventory and strong financial health 5152. The combined company will benefit from over $200 million in annual synergies, improving returns, capital efficiency, and sustainable free cash flow generation 5354. Chord Energy plans to utilize best practices from both companies to create a more efficient organization, supporting meaningful shareholder returns and benefiting the communities in North Dakota and Montana, including the Fort Berthold Reservation 55.
51: HOUSTON and CALGARY, AB, Feb. 21, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") today announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in an approximately $11 billion stock and cash transaction. The combined company will have a premier Williston Basin position with deep, low-cost inventory, approximately 1.3 million net acres, combined 4Q23 production of 287 MBoepd, and enhanced free cash flow generation to return capital to shareholders. View Source52: HOUSTON, May 31, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024. View Source53: "We are excited to complete the combination with Enerplus, creating a premier Williston Basin operator with enhanced scale, significant low-cost inventory, financial strength, and peer-leading shareholder returns," said Danny Brown, Chord Energy's President and Chief Executive Officer. "We are extremely grateful for the hard work, dedication, and positive attitude of both the Chord and Enerplus teams, who have been working diligently to help us realize the full potential of this combination. We are leveraging best practices from both companies to create a stronger, more efficient organization and, at this point, see over $200MM of annual synergies vs. our original estimate of $150MM." View Source54: "This combination further strengthens our Williston Basin position and represents a compelling opportunity for both companies' shareholders," said Danny Brown, Chord Energy's President and Chief Executive Officer. "Enerplus' Williston Basin position brings high-quality inventory, and we are excited to leverage best practices from both companies to create a stronger, more efficient entity. The combined company is expected to benefit from improving returns, capital efficiency, low-cost inventory, and a peer-leading balance sheet, all of which support sustainable free cash flow generation and meaningful shareholder returns. This is also a great opportunity for the employees and stakeholders of both Chord and Enerplus, as we believe the combined company will continue to benefit the communities in which we operate in North Dakota and Montana, including the Fort Berthold Reservation. We look forward to working closely with Enerplus to ensure that the full potential of this combination is realized for the benefit of all of our stakeholders." View Source55: "This combination further strengthens our Williston Basin position and represents a compelling opportunity for both companies' shareholders," said Danny Brown, Chord Energy's President and Chief Executive Officer. "Enerplus' Williston Basin position brings high-quality inventory, and we are excited to leverage best practices from both companies to create a stronger, more efficient entity. The combined company is expected to benefit from improving returns, capital efficiency, low-cost inventory, and a peer-leading balance sheet, all of which support sustainable free cash flow generation and meaningful shareholder returns. This is also a great opportunity for the employees and stakeholders of both Chord and Enerplus, as we believe the combined company will continue to benefit the communities in which we operate in North Dakota and Montana, including the Fort Berthold Reservation. We look forward to working closely with Enerplus to ensure that the full potential of this combination is realized for the benefit of all of our stakeholders." View Source