Latham & Watkins Advises Enerplus Corporation in US$11 Billion Merger With Chord Energy

Chord Energy Corporation (NASDAQ: CHRD) (Chord, Chord Energy) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) (Enerplus) have announced that they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in an approximately US$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.

Latham & Watkins LLP represents Enerplus Corporation in the transaction with a corporate team led by Houston partners John Greer, Ryan Lynch, and Bill Finnegan, with associates Denny Lee, Haley Sandoval, Rebekah Bingham, and Jeffrey Romano. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with associate Dominick Constantino; on benefit matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin, with associate Christina Schrantz; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on intellectual property and data privacy matters by New York partner Jessica Cohen and Houston counsel Robert Brown, with associate Alex Theuer*; on antitrust matters by Washington, D.C. partner Jason Cruise, with associate Ivy Ziedrich; on oil and gas matters by Houston partner Michael King, with associate Cesar Leyva; on anti-corruption matters by Washington, D.C./New York partner Nicholas McQuaid, with associate Teddy Ulin; on finance matters by Houston partner Matthew Jones, with associate Chris Wood.

*Admitted to practice in New York.