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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.

Transactions

Report Date Amount (MM) Description
2024-05-31 $4,000,000.00

Chord Closes $4B Enerplus Acquisition

Chord Closes $4B Enerplus Acquisition

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

Locked Data

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News

Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48

Public-private M&A brings new players to top slots in private operators list.

Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A

Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.

The OGInterview: Building a Bakken Beast

Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.

Chord Closes $4B Enerplus Acquisition for Williston Basin Scale

The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field.

The Shape of M&A to Come: Is Devon Up Next to Join the Spree?

ConocoPhillips' recent $17.1 billion deal to acquire Marathon Oil came after the company missed out on buying CrownRock and Endeavor, two companies Devon Energy took a hard look at, Moelis’ Stephen Trauber said.

Dividends Declared Week of May 20, 2024

Here is a selection of upstream and service and supply company dividends declared in the past week.

Enerplus, Chord on Track to Close $4B Williston Deal on May 31

Enerplus Corp. shareholders will vote on the deal, which was already approved by Chord stockholders, on May 24.

Kimmeridge’s Mark Viviano on Reshaping the Energy Sector, SilverBow-Crescent Deal

Kimmeridge Energy Engagement Partners’ Mark Viviano says the company is evaluating the Crescent Energy and SilverBow Acquisition and how Kimmeridge played a key role in transforming the shale sector in this Hart Energy Exclusive interview.

Chord Juggles Closing $4B Enerplus Deal, Plans to Drill 4-mile Laterals

Chord Energy expects to close its Enerplus acquisition by the end of May but, for now, is focused on three-mile and, eventually, four-mile laterals in the Williston Basin.

Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing

Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.

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.