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Chord Energy and Enerplus to Combine in $11 Billion Transaction

Vinson & Elkins advised Chord Energy in its entry into a definitive arrangement agreement with Enerplus Corporation 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.

The Vinson & Elkins team was led by partners David Oelman, Steve Gill, Benji Barron and senior associate David Lassetter, with assistance from associates Matt Fiorillo, John Frey, and Jack Kimmel. Special assistance was provided by senior associate Layton Suchma and associates Elisie Lee, Libby Gerstner, Connor Rabalais, Waleed Vohra and Hope Kaady.  Also advising were partners Ryan Carney, Lina Dimachkieh, counsel Peter Rogers and associate Tyler Underwood; partners David D’Alessandro, Dario Mendoza, senior associate Mary Daniel Morgan and associates Cassandra Zarate and Henry Crowell; partner Matt Dobbins and associate Ryan Vanderlip; partner Suzanne Clevenger; partner Becky Baker and counsel Phileda Tennant; partner Darren Tucker and counsel Evan Miller; partners James Longhofer, Erec Winandy and associate Peggy Goldman; and counsel Rajesh Patel and associate Haley Titcomb.

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