Chord Energy to sell non-operated Marcellus position for $550M
Chord Energy agreed to sell its non-operated Marcellus position to POSCO for $550M, including a $55M deposit, with a July 1, 2026 effective date and targeting a Q4 close.
Chord Energy Corporation (NASDAQ:CHRD) agreed to sell its non-operated Marcellus position to POSCO for $550M. The deal includes a $55M deposit and has a July 1, 2026 effective date, with closing expected in Q4. The company said the divestiture will improve metrics and shift the portfolio toward Williston Basin residue gas volumes.