Acquiring Company
POSCO International
Acquired Company
Chord Energy
South Korea
HoustonEnergyOil And GasEnergyOil And GasRenewable EnergyDescription
POSCO International Corp. has agreed to acquire Chord Energy Corp.'s Marcellus gas assets for $550 million. This acquisition includes approximately 32,000 net acres in Pennsylvania, enhancing POSCO's gas production capacity. The asset is expected to generate immediate cash flow and support the expansion of its LNG value chain. POSCO aims to integrate gas marketing and production activities effectively following the acquisition.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Chord Energy?
Chord Energy was acquired by POSCO International, based in South Korea. The deal was reported on September 16, 2026. POSCO International Corp. is a major player in global trading and investment, recognized for its expertise in natural resources and energy. POSCO International is privately held and operates in Energy.
When did POSCO International acquire Chord Energy?
POSCO International's acquisition of Chord Energy was reported on September 16, 2026. POSCO International Corp. has agreed to acquire Chord Energy Corp.'s Marcellus gas assets for $550 million. This acquisition includes approximately 32,000 net acres in Pennsylvania, enhancing POSCO's gas production capacity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chord Energy do?
Chord Energy Corp. is an oil and gas exploration and production company. It focuses on developing and operating assets in the Williston basin. The company aims to enhance production efficiency and optimize resource development. It is publicly traded (CHRD), operating in Energy, and is based in Houston.
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