Group 1 - Exxon Mobil's subsidiary XTO Energy is actively seeking buyers for certain assets located in the Eagle Ford shale basin in South Texas [1]

Core Insights - Chord Energy Corporation (CHRD) will acquire Williston Basin assets from XTO Energy for $550 million in cash, enhancing its position in the shale basin [1][7] Acquisition Details - The transaction includes 48,000 net acres in the Williston Basin, with CHRD holding an 86% operated working interest and the acreage being 100% held by production [2] - The acquisition adds 90 net drilling sites, many overlapping with existing operations, allowing for long-lateral drilling to improve efficiency and reduce production costs [2] - The assets have a forecasted decline rate of approximately 23% [2] Production and Economics - The acquired assets are expected to contribute 9,000 barrels of oil equivalent per day, with 78% being oil [3] - Breakeven costs for the assets are in the $40 per barrel range, allowing for sustainable operations during low commodity price periods [3] - The transaction is expected to lower the overall breakeven cost for CHRD's asset portfolio [3] Financial Impact - The acquisition is anticipated to improve shareholder returns and be immediately accretive across key financial metrics [4] - The assets are expected to generate sustainable free cash flow, enhancing capital returns to shareholders [4] - CHRD plans to maintain a leverage ratio between 0.5x and 0.6x upon closing, with a goal to return to a 0.5x leverage ratio by 2026 [4] Shareholder Return Policy - CHRD returns approximately 50% of its adjusted free cash flow while maintaining leverage between 0.5x and 1.0x, and nearly 75% when leverage is below 0.5x [5] - In the third quarter, the company executed buybacks worth $83 million to reward shareholders [5]

Core Viewpoint - Chord Energy has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy for $550 million, enhancing its operational footprint and inventory life in a strategic area of interest [1][2]. Acquisition Details - The acquisition includes 48,000 net acres in the Williston Basin, with an 86% operated working interest and an 82% net revenue interest [1]. - The assets comprise 90 net 10,000ft equivalent locations, with 72 net operated sites, which will extend Chord's inventory life [1]. - The deal is set to close by year-end, with an effective date of September 1, 2025 [1]. Strategic Fit and Financial Impact - The acquired assets are located in a prime area of the Williston Basin, allowing for long-lateral development and significant overlap with Chord's existing operations [2]. - The assets have a low average NYMEX WTI breakeven, making them immediately competitive for capital, and are expected to create significant accretion for shareholders across key metrics [3]. - The acquisition aligns with Chord's strategic objectives and is expected to support sustainable free cash flow generation and return of capital while maintaining pro forma leverage below peer group levels [3][5]. Funding and Integration - Chord Energy plans to fund the acquisition through a combination of cash reserves and borrowings [4]. - The company has a history of successful integration and execution, as demonstrated by its earlier acquisition of Enerplus, which created a combined exploration and production company valued at approximately $11 billion [5]. Operational Commitment - Chord Energy emphasizes its commitment to operating the acquired assets in a safe and sustainable manner while maintaining strong relationships with local communities [4].

Core Viewpoint - Sow Good Inc. has appointed Donna Guy as Chief Financial Officer, effective June 5, 2025, succeeding Brendan Fischer, who served as Interim CFO since April 2024 [1][5] Group 1: Leadership Appointment - Donna Guy brings over 25 years of financial leadership experience across public and private companies [2] - Prior to her appointment, Ms. Guy was the Principal Consultant and founder of Elevation Accounting & Finance, LLC, where she advised organizations on various financial operations [2][3] - Ms. Guy has previously consulted with Sow Good Inc., providing her with a deep understanding of the company's operations and strategic goals [2][4] Group 2: Professional Background - Ms. Guy served as Controller and Interim CFO at ADDvantage Technologies Group, Inc. from 2020 to 2021, and as Senior Director of Financial Planning & Analysis at Basic Energy Services from 2016 to 2020 [3] - Earlier in her career, she held senior roles in SEC reporting and accounting at Enduro Resource Partners and XTO Energy [3] - Ms. Guy began her career as an auditor after earning her Bachelor of Business and Accounting from the University of Texas at Arlington in 1998 [3] Group 3: Company Vision and Goals - Claudia Goldfarb, CEO of Sow Good Inc., expressed excitement about Ms. Guy's appointment, highlighting her extensive background in corporate finance and public company reporting [4] - Ms. Guy stated her eagerness to contribute to the company's strategic and financial goals, having already worked closely with the team [5] - Sow Good Inc. is dedicated to innovation, scalability, manufacturing excellence, meaningful employment opportunities, and food quality standards in the freeze dried candy and snack industry [6]

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.032110 per unit for the Cross Timbers Royalty Trust, payable on May 14, 2025, to unitholders of record on April 30, 2025 [1] Underlying Sales Data - Current month sales volumes included 12,000 barrels of oil and 78,000 Mcf of gas, with average prices of $69.99 per barrel and $5.86 per Mcf - Prior month sales volumes were 19,000 barrels of oil and 97,000 Mcf of gas, with average prices of $73.40 per barrel and $5.05 per Mcf [2] Excess Costs - XTO Energy reported an increase in excess costs by $136,000 related to properties underlying the Texas Working Interest net profits interests, with cumulative excess costs totaling $4,567,000, including accrued interest of $1,223,000 [3] Cash Reserves - The Trustee withheld $50,000 from this month's distribution to bolster the cash reserve account, with plans to continue this withholding until the reserve reaches $1,500,000 [4]