Deal Spotlight Episode #5: Chord + Enerplus and the Quest for 3-mile Lateral Locations
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Bakken consolidation is here! Pumped to be back for this latest Deal Spotlight covering Chord + Enerplus. This deal makes sense in lots of ways: acreage, development timelines etc… One of the things quoted many times by Chord management is the under-development on the Enerplus acreage of 3-mile laterals. If true, this deal has a lot of legs give the acreage position of Enerplus and its place in the development window. At $3.8B – and PDP worth around $1.5B – meaning PUDs are around 50% of the value in this deal. Hopefully, Chord is right with their development expectations!
Deal Spotlight Episode #5: Chord + Enerplus and the Quest for 3-mile Lateral Locations
Deal Spotlight Episode #5: Chord + Enerplus…
Deal Spotlight Episode #5: Chord + Enerplus and the Quest for 3-mile Lateral Locations
Bakken consolidation is here! Pumped to be back for this latest Deal Spotlight covering Chord + Enerplus. This deal makes sense in lots of ways: acreage, development timelines etc… One of the things quoted many times by Chord management is the under-development on the Enerplus acreage of 3-mile laterals. If true, this deal has a lot of legs give the acreage position of Enerplus and its place in the development window. At $3.8B – and PDP worth around $1.5B – meaning PUDs are around 50% of the value in this deal. Hopefully, Chord is right with their development expectations!