Chord Energy Corp. executives, in an inaugural earnings call after emerging from the merger of two key Bakken Shale players, said the firm’s core assets beat production expectations during the second quarter of 2022 and helped set a course for the new company.

Chord

Chord was formed by the merger of independents Whiting Petroleum Corp. and Oasis Petroleum Inc., which officially closed at the beginning of July. The new entity now holds the mostly oil-producing assets of both firms in the Bakken and Williston Basin. Its footprint consists of operational control or working interest in around 972,000 acres in Montana and North Dakota.

CEO Danny Brown, former CEO of Oasis, told investors that Chord’s primary focus for the near term would look a lot like the strategies of its...