American upstream company Chord Energy has signed a $11bn merger deal with Canadian oil and gas firm Enerplus. The deal aims to create a premier exploration and production company focused on the Williston Basin in the US. The combined firm will hold nearly 1.3 million net acres and its production of 287 thousand barrels of oil equivalent per day in Q4 2023. Each share of Enerminus will be exchanged for 0.10125 shares of Chord energy’s shares and $1.84 per share in cash. The stock component makes up 90% of the consideration, while the cash part is 10%. The merger is dependent on the approval of shareholders from both companies, court approval in Canada, and obtaining regulatory clearances in both the US and Canada.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
