Chord Energy Agrees to Sell Gas Assets for $550 Million

08:19 AM EDT, 09/16/2026 (MT Newswires) -- 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.