Chord Energy and Enerplus combine in $11 billion transaction

Goodmans LLP acted as Canadian counsel for Chord Energy Corporation in connection with its acquisition of Enerplus Corporation for US$3.7 billion in stock and cash, creating a leading producer in the Bakken shale formation of the northern U.S. plains.

The combined company, with an estimated enterprise value of approximately US$11 billion, 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.