Chord Energy to acquire Xto Energy’s Williston Basin assets for $ 550 million

Chord Energy has announced a final agreement to buy assets in the Williston basin from Xto Energy, which is a subsidiary of Exxonmobil Corporation, for $ 550 million.

The acquisition includes 48,000 net acres in the Williston basin, with a work interest that operates by 86 % and 82 % of the interest interest.

The assets include 90 net equivalent sites, 10,000 feet, with 72 net sites operated, and extends a secrecy of a tendon stock.

The deal is expected to close, with a valid date from September 1, 2025, by the end of the year.

“The assets acquired in one of the best areas of the Williston basin and a great interference with the current fingerprint, paving the way for long development,” said the president of Chord Energy and Danny Brown.

“Assets have a low average of NYMEX WTI Breakeven and they are competitive immediately for capital. We expect the transaction to create a great accumulation of shareholders in all major scales, while maintaining lifting models supporting less than the peer group and supporting FCF (free cash flow).

“I am grateful for the hard work of all the participants in this deal and I look forward to the tendon that occupies this original in a safe and sustainable manner while continuing our strong relationship with the three dependent tribes in the Fort Berthold Indian Reserve.”

Chord Energy, a company independent of exploring and producing oil and gas that focuses on the Williston basin, plans to finance the acquisition through a set of cash reserves and borrowing.

Earlier this year, Ender Energy completed the EnerPlusCreate a combined exploration and production company of about $ 11 billion.

Brown added: “This acquisition is compatible with our strategic goals, and we look forward to integrating assets into the string wallet, given our fixed history in successful integration and implementation.

“We are still focusing as an institution on allocating disciplined capital, and we move on continuous improvement through work and provide better efficiency to move forward.”

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