logo
logo

Chord Energy Announces Strategic Acquisition Of Williston Basin Assets

Chord Energy Announces Strategic Acquisition Of Williston Basin Assets

05/22/23, 12:03 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghouston
Industry
renewable energy
oil and gas
energy
Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates (collectively, "XTO"), subsidiaries of Exxon Mobil Corporation, for total cash consideration of $375MM, subject to customary purchase price adjustments. The consideration is expected to be funded with cash on hand, which was $592MM as of March 31, 2023.

Company Info

Company
Whiting Petroleum Corporation
Location
Houston, Texas, United States
Company info
Chord Energy Corporation is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. It 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 United States.

Related People