Merger completed for Whiting Petroleum Corporation and Oasis Petroleum
Chord Energy Corporation has announced the successful completion of the combination of Whiting Petroleum Corporation and Oasis Petroleum Inc.
The new company is a scaled unconventional U.S. oil producer with a premier Williston Basin position with assets across approximately 972,000 net acres, combined first quarter production of 171.1 thousand boepd, and enhanced free cash flow generation. Chord's common stock is expected to begin trading on the NASDAQ Global Select Market under the ticker symbol CHRD on July 5, 2022. The new company is headquartered in Houston.
Chord has an expected net debt to EBITDAX ratio of approximately 0.2x as of June 30, 2022, which is pro forma for Oasis' US$15/share special dividend announced June 16, 2022 and the US$6.25/share cash merger consideration paid to Whiting shareholders in connection with the closing of the merger.
Country updates
-
-
July 11, 2022
Florida grants concession contract for Pierce mixed-use development PPP at Boynton Beach
The Boynton Beach City Commission has approved the concession contract with Affiliated Developments for the mixed-use and mixed-income workforce development project named The Pierce in Flori...
Read more -
July 11, 2022
Final close completed for Ember Infrastructure Fund I
Ember Infrastructure has announced the final closing of Ember Infrastructure Fund I with over US$340 million of capital commitments to invest in the energy transition and resource efficiency sectors....
Read more -
July 11, 2022
NFE and Apollo funds form a JV to acquire LNG Maritime Infrastructure
New Fortress Energy Inc. (NFE) and Apollo announced that they have entered into a definitive Equity Purchase and Contribution Agreement to sell 11 LNG infrastructure vessels owned by NFE to a newly fo...
Read more -
July 07, 2022
Hobby Airport issued tender for information booths
William P. Hobby Airport has issued a tender notice seeking a private partner for the construction of five information booths at the Hobby Airport in Houston, Texas, USA. The notice involv...
Read more -
July 07, 2022
HRL Morrison led consortium to acquire FiberLight from Thermo Companies
A consortium, comprised of funds managed by H.R.L. Morrison & Co, Australian Retirement Trust (ART) and a managed client of UBS Asset Management, has announced the signing of a definitive agr...
Read more
