Chord Energy to acquire the Williston Basin assets of XTO Energy for $375m.

Chord Energy, an exploration and production company, agreed to acquire the Williston Basin assets of XTO Energy, an energy company, for $375m. "The acquired assets are an excellent strategic and operational fit to Chord's premier Williston Basin acreage position. "These low-cost, tier-one assets are highly competitive with our existing portfolio and further extend our inventory runway. Consolidation in the core of the basin supports longer laterals, higher capital and operating efficiencies, strong financial returns and sustainable free cash flow generation. The transaction creates significant accretion for shareholders across all metrics, while maintaining pro forma leverage below our target. I'm thankful for the hard work of all those involved in this transaction and look forward to Chord operating this asset in a manner consistent with our values: maintaining our commitment to our communities and the environment while operating in a safe and sustainable manner," Danny Brown, Chord President and CEO.