Chord Energy

Website

Address

1001 Fannin Street, Suite 1500
Houston, Texas 77002

(281) 404-9500

Company Description

Chord Energy Corporation is a company engaged in hydrocarbon exploration and hydraulic fracturing in the Williston Basin in North Dakota and Montana. It is organized in Delaware and headquartered in Houston, Texas, with an office in Williston, North Dakota. The company was formerly known as Oasis Petroleum.

Chord Energy ranks #30 in wells drilled in 2023 with 94 wells drilled in the US

Recent News

Chord Energy is reducing its 2025 budget to $1.4 billion while prioritizing capital efficiency and long-lateral drilling, with ~40% of wells being 3-mile laterals to cut costs. The company plans to maintain stable oil production at ~152-153 MBopd, ensuring low reinvestment rates and high free cash flow (~$860M in 2025). With 75%+ of free cash flow returned to shareholders, Chord is focused on share buybacks, dividends, and disciplined spending to maximize investor returns.

Operations

Areas of Operation

Williston Basin

McKenzie County, ND ranks #1 in the state for BOE produced in the most recent month (Aug 2020).

Mountrail County, ND ranks #3 in the state for BOE produced in the most recent month (Aug 2020).

Williams County, ND ranks #4 in the state for BOE produced in the most recent month (Aug 2020).