Chord Energy Announces Divestiture of Non-Operated Marcellus Assets
Why now
Thesis: Marcellus divestiture shifts Chord capital allocation
Catalyst to watch: Proceeds used for buybacks or debt reduction
Main risk: Reduced natural gas exposure
Why it matters
Divesting non-operated Marcellus assets shifts capital allocation for an E&P name; proceeds could fund buybacks or debt reduction, but reduces gas exposure.
Details
HOUSTON, Sept. 16, 2026 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") announced today that one of its subsidiaries has entered into an agreement to sell its entire non-operated Marcellus position to POSCO International Corporation for...
Sources
- prnewswire · 2026-09-16 11:30 UTC