---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-046215"
form_type: "8-K"
ticker: "CHRD"
cik: "0001486159"
company_name: "Chord Energy Corp"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:02:40.604827+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Chord Energy to acquire Enerplus for 0.10125 shares + $1.84 cash per share

## Summary
- Consideration: 0.10125 Chord shares + $1.84 cash per Enerplus share; deal structured as plan of arrangement under Alberta law.
- Termination fees: Chord pays $240M, Enerplus pays $127M if deal fails under specified conditions.
- Post-closing board: up to 11 members; 7 from Chord (incl. CEO Daniel Brown), up to 4 from Enerplus (incl. Hilary Foulkes, Ian Dundas).
- Ian Dundas to serve as advisor to Chord CEO for 12 months post-closing with $500K salary and $2M RSU award.
- Closing expected by Feb 2025 (extendable to Aug 2025); subject to 66 2/3% Enerplus shareholder approval, majority Chord stockholder approval, and regulatory clearances.

## SEC filing metadata
- accession: 0001193125-24-046215
- form_type: 8-K
- ticker: CHRD
- cik: 0001486159
- company_name: Chord Energy Corp
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/0001193125-24-046215-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/d796242d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-046215
- JSON: https://secwatch.observer/filing/0001193125-24-046215.json
- Plain text: https://secwatch.observer/filing/0001193125-24-046215.txt

## Key facts
- Executive change
  Ian C. Dundas was terminated as President and Chief Executive Officer of Enerplus at Chord Energy Corp.
  - Action: terminated
  - Role: President and Chief Executive Officer of Enerplus
  source text: Effective as of immediately following the Effective Time, Mr. Dundas will be terminated from his employment as President and Chief Executive Officer of Enerplus
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/0001193125-24-046215-index.htm
- Executive change
  Ian C. Dundas was appointed as advisor to the Chief Executive Officer at Chord Energy Corp.
  - Action: appointed
  - Role: advisor to the Chief Executive Officer
  source text: Pursuant to the Letter Agreement, effective as of immediately following the Effective Time, Mr. Dundas will serve as advisor to the Chief Executive Officer of Chord.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/0001193125-24-046215-index.htm
- Executive change
  Ian C. Dundas was appointed as member of the Board at Chord Energy Corp.
  - Action: appointed
  - Role: member of the Board
  source text: During the Term, Mr. Dundas will also serve as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/0001193125-24-046215-index.htm
- Material Agreements
  Chord Energy Corp entered into Arrangement Agreement with Enerplus Corporation (effective 2024-02-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: Enerplus Corporation
  - Effective: 2024-02-21
  source text: Chord Energy Corporation, a Delaware corporation (“Chord”), Spark Acquisition ULC, an unlimited liability company organized and existing under the laws of the Province of Alberta, Canada and a wholly owned subsidiary of Chord (“Canadian Sub”), and Enerplus Corporation, a corporation existing under the laws of the Province of Alberta, Canada (“Enerplus”), entered into an Arrangement Agreement (the “Arrangement Agreement”), pursuant to which, on the terms and subject to the conditions set forth therein, Chord has agreed to acquire Enerplus in a stock-and-cash transaction, subject to satisfaction of certain closing conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486159/000119312524046215/0001193125-24-046215-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.