Whiting and Oasis Complete Combination, Establishing Chord Energy
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Chord Energy Corporation has successfully completed the combination of Whiting Petroleum Corporation and Oasis Petroleum, creating a scaled unconventional U.S. oil producer with a premier Williston Basin position with top tier assets across approximately 972,000 net acres, combined first quarter production of 171.1 thousand boepd, and enhanced free cash flow generation.
The word “chord” is frequently used to describe multiple musical notes sounded simultaneously and harmoniously, while an alternative definition is a line segment joining two points on a circle. Chord Energy represents the joining of separate entities whose complementary strengths create something more formidable than either independent entity. Together the new company is positioned to prosper and deliver value creation through the constantly evolving energy landscape.
“We are excited to establish Chord Energy, which will build on the proud legacies and extraordinary talent and capabilities of Whiting and Oasis. With a premier Williston Basin position, a peer-leading balance sheet, significant scale and enhanced free cash flow generation, Chord is positioned to succeed. Chord will execute a focused strategy to enhance value delivery to our shareholders and maintain a strong commitment to safety, gas capture and emissions reduction,” said Danny Brown, Chord’s president and chief executive officer.
“I want to thank all of our talented employees for their dedication to operating safely and with integrity as we integrate our two companies,” added Brown.
CHORD’S SENIOR LEADERSHIP TEAM
• Danny Brown, president & chief executive officer (previously Oasis’ CEO)
• Chip Rimer, executive vice president & chief operating officer (previously Whiting’s COO)
• Michael Lou, executive vice president & chief financial officer (previously Oasis’ CFO)
• Scott Regan, executive vice president, general counsel & secretary (previously Whiting’s GC)
• Charles Ohlson, senior vice president Base Production
• Richard Robuck, senior vice president Corporate Planning & Investor Relations
• Jason Swaren, senior vice president Operations
• Jennifer Charbonneau, vice president HSE & Supply Chain
• Kevin Kelly, vice president Sustainability
• Michael King, vice president Asset Management
• Lara Kroll, vice president Accounting
• Alex Wall, vice president Business Development
About Chord Energy
Chord Energy is an independent exploration and production company with quality and sustainable long-lived assets in the Williston Basin. Chord is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States.
To stop by Chord’s website, CLICK HERE
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