Chord Energy Expands Footprint with $550 Million Acquisition of Williston Basin Assets from XTO Energy

Reuters

4小時前

Chord Energy Expands Footprint with $550 Million Acquisition of Williston Basin Assets from XTO Energy

Chord Energy Corporation has announced a strategic acquisition of assets in the Williston Basin from XTO Energy Inc., subsidiaries of Exxon Mobil Corporation, for $550 million. This acquisition involves 48,000 net acres in the Williston core, with a significant overlap with Chord's existing footprint, facilitating long-lateral development. The transaction, funded through cash on hand and borrowings, is expected to bolster shareholder value while maintaining competitive leverage and supporting free cash flow generation. Chord Energy's President and CEO, Danny Brown, emphasized the alignment of this acquisition with the company's strategic objectives and its potential to enhance operational efficiency and capital returns. The effective date of the transaction is September 1, 2025, with closure anticipated by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chord Energy Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA73709) on September 15, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chord Energy Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA73709) on September 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015358.SGD","symbol_name":"United Income Focus Trust Dis SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250915:nNDL3Gn0nd:1","article_id":"2567140325","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567140325","pubTimestamp":1757970030,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Chord Energy Corporation has announced a strategic acquisition of assets in the Williston Basin from XTO Energy Inc., subsidiaries of Exxon Mobil Corporation, for $550 million. 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