Orrick, Herrington & Sutcliffe LLP and DLA Piper advised on Chord Energy’s $550 million sale of its non-operated Marcellus position (assets) to POSCO International.
Chord Energy Corporation agreed to sell its entire non-operated Marcellus position to POSCO International Corporation for total gross consideration of $550 million. The position comprises approximately 32,000 net acres and trailing twelve-month production of approximately 121 MMcfpd of gas. The transaction is expected to close in the fourth quarter of 2026.
Orrick, Herrington & Sutcliffe LLP advised Chord Energy on the transaction.
The Orrick team advising Chord Energy is led by Joe Roger, Adam Kowis, Arden Dion, Katie Tarvardian, and Bronwyn Tuff.
DLA Piper acted as legal advisor to POSCO International Corporation.
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