August 6, 2025 — Houston, TX
Chord Energy (NASDAQ: CHRD) has posted a strong second quarter for 2025, highlighting robust production, capital efficiency, and a sharp focus on shareholder returns. The company’s Williston Basin assets continue to perform exceptionally, bolstered by a strategic drilling program that has already delivered 85 wells year-to-date (YTD).
Bakken Oil & Gas Account Directory – $10
Includes: Account Names, Wells Drilled, Rig Count, Locations….
📈 Operational Momentum Backed by the Drill Bit
In Q2 alone, Chord drilled and turned-in-line 37 gross (29.3 net) wells. Across the first half of 2025, the company has maintained a steady pace with 85 wells drilled YTD, underscoring the depth of its inventory and operational efficiency.
🗺️ Top 5 Counties for Wells Drilled YTD
Chord’s drilling activity has been concentrated in North Dakota, where the company continues to optimize returns in the Williston:
County Wells Drilled McKenzie 38 Dunn 28 Williams 12 Weld (CO) 4 McKenzie (ND)* 1
Note: One entry includes a variant spelling of McKenzie.
🛠️ Top Drilling Rigs Used by Chord YTD
The company has leveraged high-performing rigs to support its efficiency goals. The most utilized rigs in 2025 YTD include:
Rig Wells Drilled True 40 19 Patterson 806 19 Nabors B26 16 Patterson 808 16 True 39 11
💵 Financial & Production Highlights (Q2 2025)
- Production: 281.9 MBoepd (156.7 MBopd oil) — above guidance
- Adjusted FCF: $140.8 million — ~20% above expectations
- Adjusted EBITDA: $547.2 million
- Capital Spending: $355.6 million — at low end of guidance
- Shareholder Returns: Over 90% of Adjusted FCF returned via dividends and $55M in share repurchases
🔮 FY25 Outlook Upgraded
Chord has raised its full-year oil production guidance by 500 Bopd and reduced capex by $20 million. With a second completions crew returning in Q4 and seven 4-mile laterals expected to be turned in-line by year-end, the company is well-positioned to sustain momentum through 2025.
