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Chord Energy Agrees to Sell Gas Assets for $550 Million

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Chord Energy (CHRD) said Wednesday it has agreed to sell gas-producing land assets to POSCO International for $550 million.

Under the deal, Chord Energy will sell its non-operated Marcellus position, which consists of approximately 32,000 net acres with trailing 12-month production of approximately 121 million cubic feet per day of natural gas, the company said.

Chord has received a $55 million deposit and will receive the remainder at closing, the company said.

The deal is expected to close in Q4 2026.

Chord Energy shares were 0.9% lower in premarket trading.

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HKG:0852
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