HOUSTON, May 31, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus") announced today the completion of their previously announced business combination (the "Arrangement"). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received the approval of the Court of King's Bench of Alberta on May 28, 2024. "We are excited to complete the ...

101.PRE(a) XBRL Presentation Linkbase Document. 41 Table of Contents CHORD ENERGY CORPORATION 42 104(a)Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. ___________________ (a) Filed herewith. (b) Furnished herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the und ...

Financial Data and Key Metrics Changes - In Q1 2024, the company generated $204 million of adjusted free cash flow, exceeding expectations, and plans to return 75% of this to shareholders through a base dividend of $1.25 per share and a variable dividend of $1.69 per share [22][21] - The first quarter adjusted CapEx was $254 million, with no changes to full-year oil volume or capital guidance from previous outlooks [35][36] - Oil realizations averaged $1.71 below WTI in the first quarter, with lower gas prices impacting overall realizations [35][36] Business Line Data and Key Metrics Changes - The company reported strong well performance and improved cycle times, leading to higher oil volumes than expected [21][29] - Production from 3-mile wells is expected to deliver approximately 40% more estimated ultimate recovery (EUR) for about 20% more capital compared to 2-mile wells [31][30] - The company has executed about 80 3-mile laterals to date, with performance meeting or exceeding expectations [59][60] Market Data and Key Metrics Changes - The company anticipates a wider oil differential for the remainder of the year, with expectations for improved pricing as the TMX pipeline begins operating [65] - Natural gas realizations fell below guidance due to fixed fees deducted from realized prices, impacting overall operating leverage [65][66] Company Strategy and Development Direction - The company is focused on maximizing sustainable free cash flow with a flat plus program, indicating a commitment to operational efficiency rather than chasing higher production [21][39] - The pending combination with Enerplus is expected to enhance returns and create synergies, with a target of achieving $150 million in synergies [25][26] - The company aims to maintain a peer-leading return of capital program while preserving a strong balance sheet post-combination [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic and financial benefits of the Enerplus transaction, emphasizing the quality of Enerplus's assets [54][55] - The company is committed to continuous improvement and operational excellence, with a focus on reducing costs and enhancing production efficiency [11][12] - Management noted that the integration planning is progressing well, with expectations for synergy realization in 2025 [43][44] Other Important Information - The company has made significant progress in drilling, with completion times declining by roughly 25% over 2023 [61] - Sustainability efforts include lowering emissions intensity and endorsing the World Bank's zero routine flaring initiative by 2030 [27] Q&A Session Summary Question: What are the post-Enerplus D&C plans? - Management indicated that guidance would remain relatively flat, focusing on operational efficiencies rather than increasing production [68] Question: What are the expectations for future LOEs? - The company has reduced workover costs by about 15% and anticipates further efficiencies post-Enerplus integration [70] Question: Why is production guidance unchanged despite historical trends? - Management explained that production is expected to be more cyclical, with a stable profile quarter on quarter, rather than a significant increase in the back half of the year [71] Question: What are the anticipated cost savings from simul-frac development? - Management noted potential savings of approximately $100,000 per well from implementing simul-frac and water recycling practices [73] Question: What are the expectations for four-mile laterals? - The company anticipates some degradation in delivery but sees significant advantages in leveraging existing infrastructure for four-mile development [75]

Chord Energy Corporation (CHRD) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $4.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.37%. A quarter ago, it was expected that this company would post earnings of $5.04 per share when it actually produced earnings of $5.25, delivering a surprise of 4.17%.Over the last four quarters, the c ...

HOUSTON, May 7, 2024 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the first quarter 2024. 1Q24 Operational and Financial Highlights: Oil volumes of 99.0 MBopd exceeded the high-end of guidance; Lease Operating Expense of $10.39/BOE was below the low-end of guidance; Total volumes of 168.4 MBoepd; E&P and other CapEx of $257.7MM (including $3.9MM of reimbursed non-operated capital); 1Q24 volumes and capi ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Chord Energy Corporation (CHRD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Chord Energy Corporation is a member of our Oils-Energy group, w ...

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