Chord Energy, a company engaged in hydrocarbon exploration and hydraulic fracturing, agreed to merge with Enerplus, an independent oil and gas producer, in a $11bn deal. "This combination further strengthens our Williston Basin position and represents a compelling opportunity for both companies' shareholders. Enerplus' Williston Basin position brings high-quality inventory, and we are excited to leverage best practices from both companies to create a stronger, more efficient entity. The combined company is expected to benefit from improving returns, capital efficiency, low-cost inventory, and a peer-leading balance sheet, all of which support sustainable free cash flow generation and meaningful shareholder returns," Danny Brown, Chord Energy President and CEO.