30 Sept 2025debt financing● Neutral
Chord Energy issued $750 million of new 6.000% notes due 2030.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Mar 2025debt financing● Neutral
Chord Energy issued $750 million of new 6.750% notes due 2033 and terminated an existing debt agreement as part of the refinancing.
8 Nov 2024debt financing● Neutral
Chord Energy amended its credit agreement again (its sixth amendment since the post-merger facility was signed).
6 June 2024asset acquisition disposition▲ GoodMajor
Chord completed its acquisition of Enerplus on May 31, 2024, resolving the deal announced in February. Each Enerplus share became 0.10125 of a Chord share plus $1.84 cash, with 20,680,097 Chord shares authorised for distribution, and Enerplus is now a wholly-owned subsidiary; Chord holders own about 67% and former Enerplus holders about 33% on a fully diluted basis. Chord also signed a Fifth Amendment to its credit agreement raising the borrowing base to $3.0 billion and elected commitments to $1.5 billion, and added a provision that can release collateral if investment grade ratings are assigned. Enerplus CEO Ian Dundas and three other Enerplus-linked directors joined the board, which grew from nine to eleven after two directors, Cynthia Walker and Paul Korus, resigned. The filing's Item 2.01 text contains an inconsistent date of March 31, 2024, while the rest states May 31.
9 Apr 2024business combination● NeutralMajor
Chord filed its final proxy statement for the Enerplus deal and set a virtual special meeting for May 14, 2024 (record date April 8, 2024). Shareholders vote on issuing shares to Enerplus holders, raising authorised shares from 120 million to 240 million, and a possible adjournment; the board unanimously recommends FOR on all three. The deal cannot close without the share issuance vote, but the share increase is not a closing condition. This sets the meeting date that the March 27 preliminary proxy left open. Terms are unchanged: 0.10125 Chord share plus $1.84 cash per Enerplus share, with Chord holders ~67% and Enerplus holders ~33% of the combined company.
8 Apr 2024business combination● Neutral
Chord announced that the Hart-Scott-Rodino antitrust waiting period for its pending acquisition of Enerplus had expired. The Enerplus deal still needed shareholder, court and other approvals before closing.
27 Mar 2024business combination● NeutralMajor
Chord filed a preliminary proxy asking its shareholders to vote on buying Enerplus under the Feb 21, 2024 agreement, in which each Enerplus share gets 0.10125 of a Chord share plus $1.84 in cash. Chord holders would own about 67% and Enerplus holders about 33% of the combined company. Shareholders vote on issuing the shares and on raising authorised shares from 120 million to 240 million. The share issuance vote is required for the deal to close; the authorised-share increase is not. This moves the pending Enerplus deal forward, but the meeting date was not yet set.
26 Feb 2024business combination● Neutral
As part of the Enerplus deal, Chord Energy agreed that Enerplus's CEO Ian Dundas would step down at closing and serve as a paid advisor to Chord's CEO and a Chord board member for 12 months afterward.
21 Feb 2024business combination▲ GoodMajor
Chord Energy agreed to acquire Canadian producer Enerplus Corporation in a stock-and-cash deal, extending its Williston Basin buildout.
26 May 2023business combination● Neutral
A shareholder lawsuit challenging the 2022 Whiting-Oasis merger disclosures was dismissed, with the parties agreeing on attorneys' fees, closing out the merger-related litigation.
12 Aug 2022material agreement● Neutral
Chord amended its July 2022 credit agreement to allow more flexibility for SOFR borrowings. It also added Whiting Holdings and Whiting Oil and Gas as guarantors of its 6.375% Senior Notes due 2026, following the Whiting merger that closed on July 1, 2022.
15 July 2022dividend declaration▲ GoodMajor
Chord Energy said that, because of the $15.00-per-share special dividend (payable July 8 to holders of record on June 29), the exercise price of its November 2020 warrants fell by $15.00 from $90.57 to $75.57. Each warrant still covers one share.
7 July 2022asset acquisition disposition● NeutralMajor
Oasis completed its merger of equals with Whiting Petroleum on July 1, 2022 and renamed itself Chord Energy, trading as CHRD from July 5, 2022. Each Whiting share became $6.25 in cash plus 0.5774 Chord shares, leaving former Whiting holders with about 53% and former Oasis holders about 47% of the combined company; existing Oasis shares stay outstanding. The credit agreement was amended and restated with commitments of $800 million and a borrowing base of $2 billion. Three Oasis directors (Jacobi, Lancaster, McNally) resigned from the board as the merger took effect. This completes the merger announced earlier in 2022.
28 June 2022merger communication▲ GoodMajor
Oasis Petroleum and Whiting Petroleum shareholders both voted at their June 28 special meetings to approve the merger and the related share issuance.
16 June 2022merger communication▲ GoodMajor
Oasis Petroleum declared a $15.00-per-share special dividend, payable once its pending Whiting Petroleum merger closes and both companies' shareholders approve it.
16 June 2022dividend declaration▲ GoodMajor
Oasis Petroleum's board formally declared the $15.00-per-share special dividend tied to completing its Whiting Petroleum merger, with both companies' shareholder votes scheduled for June 28, 2022.
20 May 2022business combination● Neutral
Amendment No. 1 to the Whiting merger registration statement. Only one document of this filing is in our archive -- PricewaterhouseCoopers' consent to the use of its audit report on Oasis's 2021 accounts -- so what else the amendment changed cannot be read here; the registration itself covers the Oasis shares to be issued to Whiting shareholders under the $6.25-plus-0.5774-shares merger terms.
5 May 2022merger communication● Neutral
Oasis Petroleum published an updated investor presentation on its pending Whiting Petroleum merger alongside its first-quarter 2022 results.
28 Apr 2022business combination● NeutralMajor
Oasis Petroleum registered the stock for its merger with Whiting Petroleum: each Whiting share becomes $6.25 in cash plus 0.5774 Oasis shares, Oasis holders take a $15.00 per share special dividend contingent on closing, and the two shareholder bases end up owning about 47% (Oasis) and 53% (Whiting) of a renamed, relisted combined company. Nominally an Oasis acquisition, in substance a merger of equals between two Bakken producers; Whiting's board had been chosen by its noteholders during its 2020 Chapter 11 reorganisation.
21 Apr 2022merger communication▲ Good
Oasis Petroleum and Whiting Petroleum's merger cleared its antitrust waiting period, removing a key regulatory hurdle to closing.
31 Mar 2022merger communication● Neutral
Oasis Petroleum and Whiting Petroleum reported making their antitrust filings and hiring an outside integration consultant for their pending merger, and asked employees to help name the combined company.
17 Mar 2022merger communication● Neutral
Oasis Petroleum and Whiting Petroleum sent employees a joint integration-planning update following their merger announcement.
15 Mar 2022merger communication● Neutral
Oasis Petroleum notified its suppliers about the pending Whiting Petroleum merger, expected to close in the second half of 2022.
8 Mar 2022merger communication▲ GoodMajor
Oasis Petroleum and Whiting Petroleum Corporation formally signed their Agreement and Plan of Merger, with Oasis's board approving a doubling of its authorized shares to 120 million to cover the new stock it will issue.
8 Mar 2022business combination● Neutral
Oasis filed an 8-K on the March 7, 2022 merger agreement with Whiting. Each Whiting share would convert into 0.5774 Oasis shares plus $6.25 cash, Oasis holders would get a special dividend of up to $15.00 per share, and the combined board would have ten members split evenly.
7 Mar 2022merger communication▲ Good
A transcript of the joint Oasis-Whiting call detailing the merger of equals: Whiting shareholders would own about 53% and Oasis shareholders about 47% of the combined company.
7 Mar 2022merger communication▲ Good
Oasis Petroleum's CEO told employees about the newly announced Whiting Petroleum merger of equals: Whiting's Lynn Peterson would become Executive Chair and Oasis's Danny Brown would lead the combined company as President and CEO.
7 Mar 2022merger communication● Neutral
Oasis filed an 8-K on March 7, 2022 attaching the joint press release and investor presentation announcing its $6.0 billion merger of equals with Whiting Petroleum. The combined company was to hold 972K net acres and produce 167.8 thousand boepd.
7 Mar 2022business combination▲ GoodMajor
Oasis Petroleum and Whiting Petroleum Corporation announced a "merger of equals," combining to create a larger Williston Basin operator with about 970,000 net acres and 170,000 barrels of oil equivalent per day of production.
7 Mar 2022merger communication● Neutral
An employee FAQ explaining the mechanics of the Whiting Petroleum "merger of equals" and confirming the 53%/47% Whiting/Oasis ownership split.