- CEO
- Daniel E. Brown
- Full Time Employees
- 762
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1001 Fannin Street Houston TX United States of America 77002
- IPO Date
- Sep 4, 2020
- Business
- Chord Energy Corporation (NASDAQ: WLLBW) is an independent energy company focused on the acquisition, exploitation, and development of oil and natural gas properties, primarily in the Williston Basin of North Dakota and Montana. The company engages in drilling and completing wells; producing crude oil, natural gas liquids (NGLs), and natural gas; and gathering, processing, and transporting production through owned and third-party facilities. Its core operations include non-operated working interests in approximately 1,000 gross wells and operated assets across key formations such as the Bakken, Three Forks, and Mission Canyon, targeting premium acreage in McKenzie, Dunn, and Williams counties. Chord Energy markets its production to refiners, processors, and industrial consumers, with additional services encompassing midstream operations and carbon capture initiatives. Founded in 2001 as Oasis Petroleum and headquartered in Houston, Texas, the company operates exclusively in the United States, serving upstream energy markets with a portfolio emphasizing low-cost, high-return development. In recent developments, Chord Energy completed a transformative merger with Enerplus Corporation in May 2024, significantly expanding its Williston Basin footprint to over 1.3 million net acres and enhancing production capacity to approximately 183,000 barrels of oil equivalent per day. The company also repurchased $413 million in shares under its 2024 program and launched a new $500 million repurchase authorization in early 2025, alongside maintaining a quarterly dividend of $1.30 per share. These strategic moves underscore Chord's focus on capital discipline, shareholder returns, and operational efficiency amid favorable oil market dynamics.