Noah Hungness

Paul Diamond

Derrick Whitfield

John Abbott

Scott Hanold

Hsu-Lei Huang

Noel Parks

David Deckelbaum

Geoff Jay

Joshua Silverstein

Kevin MacCurdy

Neal Dingmann

Oliver Huang

Jeff Jay

Phillips Johnston

- Chord Energy Corporation has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates, subsidiaries of Exxon Mobil Corporation.  **[1486159_20250915DA73709:0]** 
- The total cash consideration for the acquisition is **$550 million**, subject to customary purchase price adjustments.  **[1486159_20250915DA73709:0]** 
- The acquired assets include **48,000 net acres** in the Williston core, with an expected near-term production of **~9 MBoepd (78% oil)**.  **[1486159_20250915DA73709:0]** 
- The transaction is anticipated to be **highly accretive** to all key metrics, including cash flow and free cash flow, and is expected to result in a post-transaction adjusted net leverage of approximately **0.5x to 0.6x**.  **[1486159_20250915DA73709:0]** 
- The effective date for the transaction is **September 1, 2025**, with closing expected by **year-end**.  **[1486159_20250915DA73709:0]**

Chord Energy Announces Williston Basin Asset Acquisition

Chord Energy (CHRD)