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Chord Energy Corp.

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About

Chord Energy is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. Chord is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental U.S. 

Editor's note: Updated July 1, 2022.

News

Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.

Ohio Oil, Appalachia Gas Plays Ripe for Consolidation

With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.

Chord, Enerplus’ $4B Deal Clears Antitrust Hurdle Amid FTC Scrutiny

Chord Energy and Enerplus Corp.’s $4 billion deal is moving forward as deals by Chesapeake, Exxon Mobil and Chevron experience delays from the Federal Trade Commission’s requests for more information.

E&P Earnings Season Proves Up Stronger Efficiencies, Profits

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

Chord Energy Updates Executive Leadership Team

Chord Energy announced Michael Lou, Shannon Kinney and Richard Robuck have all been promoted to executive vice president, among other positions.

Kimmeridge Activates on SilverBow: A Battle for South Texas Gas

Investment firm Kimmeridge is looking for more natural gas production for its own E&P to participate in the Gulf Coast LNG market. SilverBow Resources has gas.

Williston Warriors: Enerplus’ Long Bakken Run Ends in $4B Chord Deal

Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago.

Chord Buying Enerplus to Create a Bakken Behemoth

Chord Energy said Feb. 21 it will acquire Enerplus Corp. for nearly $4 billion in a stock-and-cash deal to potentially create the largest producer in the Williston Basin.

Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?

As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.

Chord Energy Appoints New COO, Board Chair

Chord Energy appoints Susan Cunningham as independent chair of its board and Darrin Henke as executive vice president and COO of the company.

Analysis: Will $2.7B Tokyo Gas-Rockcliff Deal Reopen Natgas M&A?

The Lower 48 has seen a whirlwind of oil and gas M&A this year, including a historic volume of transactions across the Permian Basin. After Tokyo Gas Co.’s $2.7 billion bid to acquire Haynesville E&P Rockcliff Energy II, could the window for natural gas deals be reopening?

Chord Energy Goes Long: Bakken E&P Investigating Four-mile Laterals

With the continued success of its three-mile lateral wells, Williston Basin operator Chord Energy reported higher-than-expected production volumes in the third quarter and is exploring even longer horizontal drilling.

The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken

Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said.

Texas Pacific Land Corp. Announces New Board Nominations

Texas Pacific Land Corp. will nominate two new directors as well as a current director to its board at the company’s annual stockholder meeting.

A&D Minute: Midland Assets Trade Hands, Eagle Ford Stays Hot [WATCH]

In this week's A&D Minute, Chord Energy sheds non-core assets in the Permian, Mesquite Energy sells Catarina Ranch to Black Mountain Oil and Gas and Ovintiv picks up three EnCap-backed E&Ps.