Exhibit 99.1 Chord Energy Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, Declares Base and Variable Dividends and Issues 2024 Outlook Houston, Texas — February 21, 2024 — Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the fourth quarter and full-year 2023 and announced its 2024 outlook. Operational and Financial Highlights: • Oil volumes of 106.2 MBopd and total volumes of 183.8 MBoepd in 4Q23 ...

HOUSTON, Feb. 14, 2024 /PRNewswire/ -- Chord Energy Corp. (Nasdaq: CHRD) ("Chord" or the "Company") plans to announce its fourth quarter and full-year 2023 financial and operating results on Wednesday, February 21, 2024 after market close. The Company will host a live webcast and conference call on Thursday, February 22, 2024 at 10:00 a.m. Central.Investors, analysts and other interested parties are invited to listen to the webcast:Date: Thursday, February 22, 2024Time: 10:00 a.m. CentralLive Webcast: https ...

Financial Data and Key Metrics Changes - In Q3 2023, the company reported strong oil volumes, approximately 4.5% above midpoint guidance, and total volumes were about 3.8% above midpoint guidance [1] - The company generated $207 million of adjusted free cash flow during the quarter and plans to return 75% of this to shareholders [9] - The company declared a variable dividend of $1.25 per share, in addition to a base dividend of $1.25 per share [10] - Operating costs included LOE at $10.94 per BOE and GPT at $3.16 per BOE, both within guidance expectations [19] Business Line Data and Key Metrics Changes - The company brought 45 wells online in Q3, exceeding original expectations and significantly higher than the 37 wells brought online in the first half of the year [26] - Incremental repurchases during the quarter were sourced from proceeds received through warrant exercises [11] - The company executed about 50 three-mile wells to date, with performance meeting expectations [30] Market Data and Key Metrics Changes - Oil realizations remained strong at a modest premium to WTI, slightly better than midpoint guidance [18] - NGL realizations as a percent of WTI were in line with midpoint guidance, while residue gas pricing was slightly below midpoint [53] Company Strategy and Development Direction - The company is focused on in-basin consolidation opportunities, recognizing higher risks associated with out-of-basin consolidation [2] - The company plans to participate in consolidation, whether as a consolidator or consolidatee, emphasizing the importance of being part of a larger equity story [51][74] - The company published its first full sustainability report, reflecting its commitment to delivering energy sustainably [34] Management's Comments on Operating Environment and Future Outlook - Management expressed growing confidence in production performance and the potential for improved contributions from three-mile wells [46][64] - The company expects capital expenditures to be at the high end of the $850 million to $880 million guidance range for the year [20] - For 2024, the company anticipates a maintenance capital program with full-year volumes flat to 2023, projecting around 99,000 barrels of oil per day [60] Other Important Information - The company completed its fall borrowing base redetermination, maintaining a borrowing base of $2.5 billion and an elected commitment of $1 billion [41] - The company received approximately $73 million from warrant exercises in Q3, using $60 million for incremental repurchases [40] Q&A Session Summary Question: What is the confidence level regarding the performance of the last mile on three-mile wells? - Management indicated growing confidence in production performance, with expectations for contributions to improve as more data is collected [62][64] Question: How does M&A fit into the company's strategy? - Management emphasized a belief in consolidation and the importance of in-basin consolidation, given their significant acreage position [73][74] Question: What are the implications of the underlying decline rate for 2024 and 2025 CapEx? - Management suggested that with a lower decline rate, capital efficiency should improve, potentially leading to lower CapEx requirements [85][94]

Commodity derivative contracts. The Company utilizes derivative financial instruments to manage risks related to changes in commodity prices. The Company's crude oil contracts settle monthly based on the average NYMEX WTI and its natural gas contracts settle monthly based on the average NYMEX Henry Hub natural gas index price. The Company utilizes fixed-price swaps and two-way and three-way collars to manage risks related to changes in commodity prices. The Company's fixed-price swaps are designed to establ ...

Financial Data and Key Metrics Changes - The company generated $116 million of adjusted free cash flow during the quarter, which includes the removal of around $11 million of capital from non-operated wellbores sold [62] - Production taxes were reported at 8.4% of oil and gas revenue, which was at the higher end of the guidance range [2] - The company returned approximately $1.1 billion in dividends and $198 million via share buybacks over the past 12 months [60] Business Line Data and Key Metrics Changes - Oil volumes were strong in the second quarter, exceeding midpoint guidance by about 1.5%, while total volumes were above the high end of guidance driven by NGL volumes [95] - The company has seen improvements in well delivery and performance from new wells, particularly with the three-mile laterals [87][90] - The three-mile lateral program is expected to continue, with the company assuming a 40% uplift in estimated ultimate recovery (EUR) for these wells [64] Market Data and Key Metrics Changes - NGL realizations were impacted by lower Conway prices and higher gathering and processing fees, but are expected to improve as prices recover [72] - The company noted that oil continues to become a larger portion of revenue, which is taxed at a higher rate than gas and NGLs [73] Company Strategy and Development Direction - The company is focused on disciplined capital allocation, efficient operations, and maintaining a strong balance sheet while committing to responsible operations [14] - The integration of two premier Williston Basin operators has strengthened the organization, allowing for improved financial and operational synergies [59][84] - The company aims to maintain a capital-efficient program, particularly in the Bakken region, to drive superior returns for shareholders [3] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of gas prices and the potential for improved realizations as market conditions stabilize [2][72] - The company plans to provide a maintenance-level capital plan for 2024, focusing on capital efficiency [78] - Management highlighted the importance of infrastructure in supporting drilling activities and minimizing constraints in new areas [45][47] Other Important Information - The company expects to publish its first sustainability report as a combined entity in the third quarter, emphasizing its commitment to safety and emissions improvement [69] - The full-year capital budget guidance was increased by about $20 million at the midpoint, reflecting higher fourth-quarter frac activity associated with the XTO acquisition [109] Q&A Session Summary Question: Can you provide more details on cleaning out the three-mile wells? - Management indicated that while there may be times when not 100% of the well is cleaned out, spending additional time to ensure complete cleaning can significantly enhance production contributions from the well [99][112] Question: What are the implications of the tracer data on recovery assumptions? - Management noted that if the early results align with expectations, there is potential to increase recovery assumptions for the last mile of the lateral closer to 100% [116] Question: How is the company addressing potential constraints in new drilling areas? - Management assured that infrastructure planning is in place to avoid significant constraints as drilling expands into new areas [45][47]

Chord Energy Corp (NASDAQ:CHRD) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Michael Lou - CFO & EVP Daniel Brown - President, CEO & Director Charles Rimer - EVP & COO Conference Call Participants Phillips Johnston - Capital One Securities Derrick Whitfield - Stifel, Nicolaus & Company Scott Hanold - RBC Capital Markets Bertrand Donnes - Truist Securities Oliver Huang - Tudor, Pickering, Holt & Co. John Abbott - Bank of America Merrill Lynch Operator Good morning, and welcom ...

1) CHRD wells reflect recent Indian Hills TILs and remove zero producing days. Peer offset data taken from IHS. Production data normalized to 10k' lateral length. 2) Reflects average well performance for all wells brought online by both Oasis and Whiting from 07/01/22 to 3/31/23. Zero production days removed. Emissions Reductions | --- | --- | --- | |----------------------------------------------------------------------------------------------|--------------|------------------------------------------------- ...

Significant Accounting Policies Table of Contents The Company records revenue when the performance obligations under the terms of its customer contracts are satisfied. For sales of commodities, the Company records revenue in the month the production or purchased product is delivered to the purchaser. However, settlement statements and payments are typically not received for 20 to 90 days after the date production is delivered, and as a result, the Company is required to estimate the amount of production tha ...

Businesses across all industries are facing increasing scrutiny from stakeholders related to their ESG practices. Businesses that do not adapt to or comply with investor or stakeholder expectations and standards, which are continuing to evolve, or businesses that are perceived to have not responded appropriately to the growing concern for ESG issues, regardless of whether there is a legal requirement to do so, may suffer from reputational damage and the business, financial condition, and/or stock price of s ...

Financial Data and Key Metrics Changes - In 2022, Chord Energy generated approximately $1.3 billion of adjusted free cash flow and returned over $1.2 billion to shareholders, representing about 93% of the free cash flow [11][24] - The company reported a variable dividend of $3.55 per share for Q4 2022, combined with a base dividend of $1.25 per share, yielding a total quarterly dividend of $4.80 per share [40] - Cash G&A expense for Q4 was $22.4 million, slightly higher than expected due to the merger accounting policies [22] Business Line Data and Key Metrics Changes - The company plans to complete and deliver 90 to 94 gross operated wells in 2023, with an average working interest of approximately 73% [14] - Completions activity is expected to be concentrated in the second and third quarters of 2023, with production anticipated to increase sequentially each quarter [41] Market Data and Key Metrics Changes - Crude realizations remained at a premium to WTI, averaging $0.99 premium over the quarter [46] - NGL prices fell more than WTI sequentially, resulting in lower NGL realizations as a percentage of crude [47] Company Strategy and Development Direction - The merger created a company with substantial scale in the Williston Basin, focusing on operational and corporate synergies to enhance value [4][10] - Chord Energy aims to maintain a strong return of capital framework, with a focus on shareholder returns and sustainable free cash flow [8][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the integration process and the company's future, highlighting a strong financial outlook capable of supporting high levels of sustainable free cash flow [10][34] - The company expects to invest approximately $825 million to $865 million in capital in 2023, accounting for inflation and previous capital pushed from Q4 2022 [17] Other Important Information - Chord plans to resume publishing a full sustainability report in 2023, focusing on GHG intensity and freshwater intensity improvements [19] - The company has approximately $593 million in cash as of December 31, 2022, with nothing drawn on its $2.75 billion borrowing base [50] Q&A Session Summary Question: What are your thoughts on the productivity of refracs in the Sanish area? - Management is exploring refracs and believes new technologies will allow them to gain value from these opportunities [28] Question: Can you provide insight on the Bakken takeaway and marketing group changes? - Management noted strong differentials in the basin and emphasized their large takeaway capacity, indicating a robust crude market [58] Question: How does the move to more 3-mile laterals impact your decline rate? - The transition to 3-mile laterals is expected to result in flatter decline rates and improved production delivery [64][66] Question: What is the rationale behind the year-over-year difference in Q4 2022 versus Q4 2023? - The difference is attributed to operational planning and the desire to avoid weather-related issues, leading to a more concentrated completion schedule [92] Question: What are the potential bolt-on opportunities in the Bakken? - Management sees a mix of opportunities in the basin and is open to accretive bolt-ons that enhance the organization [98]