Chord Energy Considers Selling Non-Op Marcellus in Northeast Pa.

In late 2022, MDN told you that Canadian-based Enerplus, with sizable non-operated assets in the northeast Pennsylvania Marcellus, had sold certain Canadian assets so it could concentrate most of its activity on drilling in the North Dakota Bakken (see Enerplus Sells Rest of Canada Assets – Focus on Bakken, Marcellus). Enerplus kept its non-op Marcellus assets, approximately 32,700 net acres. Fast forward to May of 2024 and Chord Energy Corporation, based in Houston, TX, but focused on the Bakken, bought out and merged in Enerplus. As part of the Enerplus acquisition, Chord picked up the non-op Marcellus gas asset spanning Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties, Pennsylvania. On a conference call with analysts to discuss quarterly earnings, Chord's top brass expressed potential interest in selling its non-operating Marcellus assets.

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