Chord Energy is bolstering its Williston Basin position with a high-quality, long-lateral development opportunity from Exxon’s XTO unit. The deal is designed to be highly accretive, extend inventory, improve portfolio economics, and maintain one of the strongest balance sheets in the peer group.

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).

Chord Energy operates a premier acreage position in the Williston Basin, spanning the core areas of McKenzie, Dunn, Mountrail, and Williams counties. Their leasehold is characterized by high-quality rock, operational scale, and infrastructure advantage.

Chord Energy (NASDAQ: CHRD) continues to establish itself as a premier operator in the Bakken, leveraging capital efficiency, operational excellence, and long-lateral drilling strategies to drive strong free cash flow and shareholder returns. In their Q4 2024 Earnings Presentation, Chord emphasized their commitment to disciplined growth, efficiency improvements, and maintaining high-quality production in the Williston Basin.

Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy”) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) (“Enerplus”) today announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in an approximately $11 billion stock and cash transaction.