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Chord Energy, Canada's Enerplus to combine into $11 billion company, with eye on 'premier' position in North Dakota's Williston basin

Chord Energy Corp. and Canada’s Enerplus Corp. said late Wednesday they have agreed to merge in an $11 billion stock and cash deal with an eye toward…

Chord Energy, Canada's Enerplus to combine into $11 billion company

Deal is latest in burgeoning merger and acquisitions transactions for energy companies, including major deals for Exxon and Chevron.

Report: Devon Energy Targeting Bakken E&P Enerplus for Acquisition

The acquisition of Enerplus by Devon would more than double the company’s third-quarter 2023 Williston Basin production.

Oil drillers and Bitcoin miners bond over natural gas

Oil drillers and Bitcoin miners bond over natural gas | Hellenic Shipping News Worldwide

Oil drillers and Bitcoin miners bond over natural gas On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity. The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners aren’t there to drill for oil. They are using stray natural gas unwanted by oil companies to power their search for another treasure: cryptocurrencies like Bitcoin. Cryptocurrencies are virtual coins exchanged without middlemen, such as central banks, to purchase goods and services. Extracting the currency from cyberspace, however, requires vast amounts of often-expensive electricity. Supercomputers must run constantly in a race against other “miners” to solve complex math problems in order to unlock digital vaults holding the currency.