Chord energy announces strategic acquisition of williston basin assets

Houston , may 22, 2023 /prnewswire/ -- chord energy corporation (nasdaq: chrd) ("chord", "chord energy" or the "company") today announced that a wholly owned subsidiary of chord has entered into a definitive agreement to acquire assets in the williston basin from xto energy inc. and affiliates (collectively, "xto"), subsidiaries of exxon mobil corporation, for total cash consideration of $375mm, subject to customary purchase price adjustments. the consideration is expected to be funded with cash on hand, which was $592mm as of march 31, 2023.
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