Chord Energy

‘Consolidation in the Core’ of Williston as Chord Energy Buying ExxonMobil Assets for $375M

‘Consolidation in the Core’ of Williston as Chord Energy Buying ExxonMobil Assets for $375M

Williston Basin pure-play Chord Energy Corp. has agreed to acquire a package of assets from ExxonMobil subsidiary XTO Energy Inc. in a cash transaction valued at $375 million. The assets span about 62,000 net acres and include “123 estimated net 10,000 foot equivalent locations,” said management of Houston-based Chord. The XTO assets currently are producing…

May 24, 2023