Chord Energy announced on Monday that a wholly owned subsidiary will acquire Williston Basin assets from Exxon Mobil’s XTO Energy for $550 million in cash, marking another strategic expansion in the ...
Acquired Acreage: 48,000 net acres in the Williston core (86% operated working interest, 82% 8/8ths net revenue interest, 100% held by production); Inventory Depth: 90 net 10,000 foot equivalent ...
'We are excited to announce the acquisition of these high-quality assets', Danny Brown, Chord Energy's President and Chief Executive Officer, said. Image by CoreDesignKEY via iStock Chord Energy ...
Chord Energy agreed to acquire Williston basin assets from XTO Energy Inc. and affiliates. The company said the assets are in close proximity to its existing operational footprint. A subsidiary of ...
Chord plans to fund the purchase through a combination of cash on hand and borrowings. The company expects its post-transaction adjusted net leverage to be approximately 0.5 to 0.6 times, returning to ...
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The Williston Basin is located in parts of North Dakota, Montana and Canada, and is a major U.S. shale oil and gas region centered by the Bakken formation. Sign up here. The company said it would ...
BISMARCK, ND (KXNET) – Chord Energy is making a major move to expand its presence in the Williston Basin with a $550 million acquisition that adds 48,000 net acres of high-value oil and gas assets.