Chord Energy (US:CHRD) Prnewswire·2025-09-15 21:00Core Insights - Chord Energy Corporation has announced a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. for a total cash consideration of $550 million, which will be funded through cash on hand and borrowings [1][3][5] Acquisition Details - The acquisition includes 48,000 net acres in the Williston core, with an 86% operated working interest and a 100% held by production [5] - The assets are expected to enhance Chord's existing footprint, facilitating long-lateral development and improving operational efficiencies [3][5] - The expected near-term production from the acquired assets is approximately 9 MBoepd, with a projected low base decline rate of around 23% [5] Financial Implications - The transaction is anticipated to be accretive to key metrics such as cash flow, free cash flow, and net asset value in both the near and long term [5] - Post-transaction adjusted net leverage is expected to be between 0.5x and 0.6x, with a return of capital framework that calls for distributing over 50% of adjusted free cash flow at net leverage levels between 0.5x and 1.0x [4][5] Strategic Alignment - The acquisition aligns with Chord's strategic objectives, focusing on disciplined capital allocation and continuous improvement in operational efficiency [3][4] - Chord has a history of successful integration and execution, which is expected to support the incorporation of the new assets into its portfolio [3][4]