Chord Energy Corporation (CHRD)

Chord Energy Corporation (CHRD) is a premier independent oil and gas company focused on the Williston Basin, headquartered in Houston, Texas. Led by CEO Danny Brown, Chord’s strategic mission is to "maximize shareholder value through disciplined capital allocation, operational excellence, and a commitment to sustainable energy production." The company holds a dominant industry position as a top-tier operator in the Bakken formation, particularly after its transformative 2024 merger with Enerplus. Chord’s vision is to be the most efficient and reliable unconventional energy producer in North America. By late 2025, CHRD stock has outperformed peers due to the successful integration of XTO assets and the delivery of oil volumes above the midpoint of guidance.

The business operations of Chord are centered on its high-quality, long-life asset base in the Williston Basin. In fiscal 2025, the company reported third-quarter oil volumes of 105.7 MBOPD and a significant reduction in drilling days compared to 2024 levels. A primary growth driver is the "4-Mile Lateral Program," with seven such wells expected to be online by year-end 2025, significantly lowering per-unit capital costs. The 2026 strategic roadmap focuses on "Simulfrac Optimization" and the expansion of autonomous rod lift operations to further reduce failure rates. Chord holds a "Midstream Moat" through its streamlined contract structures and modular facility designs. By maintaining a fortress balance sheet and a peer-leading return of capital framework, including a base-plus-variable dividend, Chord Energy remains a preferred play for value-oriented energy investors.