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Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m
Yahoo Finance·2025-09-16 21:11

Chord Energy has announced a definitive agreement to purchase assets in the Williston Basin from XTO Energy, a subsidiary of ExxonMobil Corporation, for $550m. The acquisition encompasses 48,000 net acres in the Williston Basin, with an 86% operated working interest and an 82% net revenue interest. The assets include 90 net 10,000ft equivalent locations, with 72 net operated sites, extending Chord's inventory life. The deal, with an effective date of 1 September 2025, is expected to close by year-end. ...