Chord Energy Corp filed a SD

Chord Energy Corporation (NASDAQ:CHRD) announced on September 16 that a subsidiary had agreed to sell its non-operated Marcellus assets for $550 million in gross consideration. The company has received a $55 million deposit, with closing expected in the fourth quarter, subject to customary conditions. The assets produced approximately 121 million cubic feet of natural gas […]

Chord Energy (CHRD) Signs $550 Million Marcellus Sale. Is Greater Focus Worth it?

Chord Energy (CHRD) has agreed to sell its US$550 million non-operated Marcellus position to POSCO International. The company is refocusing on its Williston Basin portfolio while adjusting leverage, capital spending plans, and overall oil exposure. Recent trading tells a mixed story. Chord Energy’s share price has eased in the past week, with a 7 day share price return of 4.95% and a 30 day share price return of 2.27%. However, the 90 day share price return of 16.10% and year to date share...

Chord Energy (CHRD) Sells Marcellus Assets With Valuation Still In Focus

CHRD's $550M Marcellus sale sharpens its focus on core Williston Basin assets, lowers leverage and capital spending, and increases oil weighting.

Chord Energy's $550M Marcellus Exit Sharpens Its Williston Focus

A number of stocks fell in the morning session after the Federal Reserve's interest-rate decision, pausing a recent rally even as Middle East supply risks remained in focus. Brent crude eased 1.1% to $107.61 a barrel, its first decline of the week, according to the Associated Press. Reuters reported that oil's retreat and steadier bond yields came as investors waited for the Fed's policy announcement later in the day. The pullback followed a sharp Tuesday rally that had pushed benchmarks near fo

Matador Resources, Chord Energy, Magnolia Oil & Gas, SM Energy, and Northern Oil and Gas Stocks Trade Down, What You Need To Know

Chord Energy Corporation (NASDAQ: CHRD) ("Chord," "Chord Energy," or the "Company") announced today that one of its subsidiaries has entered into an agreement to sell its entire non-operated Marcellus position to POSCO International Corporation for total gross consideration of $550MM. The transaction is expected to close in the fourth quarter of 2026 subject to customary closing conditions.

Chord Energy Announces Divestiture of Non-Operated Marcellus Assets

Chord Energy Corporation operates as an independent exploration and production company in the United States. The company engages in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids in the Williston Basin. It sells its products to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

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