Chord Energy to buy assets in Williston Basin for $550 million

Core Viewpoint - Chord Energy, a U.S. energy firm, announced its acquisition of assets in the Williston Basin from Exxon Mobil's unit XTO Energy for a total of $550 million [1] Company Summary - Chord Energy is expanding its asset portfolio by purchasing from XTO Energy, indicating a strategic move to enhance its operational footprint in the Williston Basin [1] - The acquisition price of $550 million reflects Chord Energy's commitment to growth and investment in key energy regions [1] Industry Summary - The transaction highlights ongoing consolidation trends within the energy sector, particularly in regions like the Williston Basin, which is known for its oil production potential [1] - The deal may signal increased competition and investment in the U.S. energy market as companies seek to optimize their asset bases [1]