Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1001 Fannin Street, Suite 1500 HOUSTON TX 77002 |
Tel: | N/A |
Website: | https://www.chordenergy.com |
IR: | See website |
Key People | ||
Daniel E. Brown President, Chief Executive Officer, Director | Richard N. Robuck Chief Financial Officer, Executive Vice President | Darrin J. Henke Chief Operating Officer, Executive Vice President |
Shannon B. Kinney Executive Vice President, Chief Administrative Officer, General Counsel, Company Secretary | Michael H. Lou Executive Vice President, Chief Strategy Officer, Chief Commercial Officer |
Business Overview |
Chord Energy Corporation is an independent exploration and production company, which is engaged in the acquisition, exploration, development and production of crude oil, natural gas liquids (NGL) and natural gas. The Company's operations were focused on the North Dakota and Montana areas of the Williston Basin targeting the Middle Bakken and Three Forks formations which are present across a substantial portion of its acreage. The Company has approximately 1,029,263 net leasehold acres in the Williston Basin, of which approximately 99% is held by production. It has approximately 3,760 gross (2,876.0 net) operating producing wells. Its working interest for producing wells averaged 76% in total and 51% in the wells it operates. The Company has an average daily production of 173,425 net barrels of oil equivalent per day (Boepd). It sells its crude oil, NGL and natural gas production to refiners, marketers and other purchasers that have access to nearby pipeline and rail facilities. |
Financial Overview |
For the three months ended 31 March 2024, Chord Energy Corp revenues increased 21% to $1.09B. Net income applicable to common stockholders decreased 33% to $198.6M. Revenues reflect Crude Oil Production, Total increase of 6% to 9.1M barrels, Oil Eq Production (B/d), Total increase of 2% to 168K barrels per day, Purchased oil and gas sales increase from $130.3M to $337.1M. |