ENERGY ADVISORS RESEARCH
Research
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![ENERGY ADVISORS RESEARCH - Energy Advisors Group ENERGY ADVISORS RESEARCH](/images/newcovers/45642-Cover.png?mediaUpdatedDate=03/14/2024 17:21:59)
CHORD BUYS ENERPLUS
$4 Billion Deal. Newco Joins Large Cap Peers
COMBO NOW #1 BAKKEN PRODUCER
1.3 Million Net Acres.
Also gets 155 MMcf/d Non-op Marcellus
Enerplus Stock up 25% Since ERF In Play
Owners: 67% Chord, 33% Enerplus
~10 Years Drilling Inventory (1,824 Locs)
>40% Locs Ready For 3-Mile Laterals
Combined Entity Makes: 254,000 BOEPD
Est. $29/BOE Margins, Low Leverage
Maintaining 75%+ Return of Free Cash Flow
Offers Pure Play Focus w/Tech Expertise
Next? EnCap's Grayson Mill Exploring Sale
Like Midland, Bakken Continues to Mature.
CLICK TO DOWNLOAD 21 PAGE REPORT
STUDY 9005MA
![ENERGY ADVISORS RESEARCH - Energy Advisors Group ENERGY ADVISORS RESEARCH](/images/newcovers/45642-Cover.png?mediaUpdatedDate=03/14/2024 17:21:59)
CHORD BUYS ENERPLUS
$4 Billion Deal. Newco Joins Large Cap Peers
COMBO NOW #1 BAKKEN PRODUCER
1.3 Million Net Acres.
Also gets 155 MMcf/d Non-op Marcellus
Enerplus Stock up 25% Since ERF In Play
Owners: 67% Chord, 33% Enerplus
~10 Years Drilling Inventory (1,824 Locs)
>40% Locs Ready For 3-Mile Laterals
Combined Entity Makes: 254,000 BOEPD
Est. $29/BOE Margins, Low Leverage
Maintaining 75%+ Return of Free Cash Flow
Offers Pure Play Focus w/Tech Expertise
Next? EnCap's Grayson Mill Exploring Sale
Like Midland, Bakken Continues to Mature.
CLICK TO DOWNLOAD 21 PAGE REPORT
STUDY 9005MA