---
schema_version: "secwatch.filing_event.v1"
accession: "0001486159-23-000019"
form_type: "8-K"
ticker: "CHRD"
cik: "0001486159"
company_name: "Chord Energy Corp"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:11:26.848682+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Chord Energy to acquire Williston Basin assets from XTO for $375M cash

## Summary
- $375M cash consideration to XTO Energy (Exxon subsidiary) for ~62,000 net acres in Williston Basin.
- Acquisition adds 123 net 10,000-ft equivalent locations and >6 MBoepd current production (~62% oil).
- Expected close end of June 2023; funded with $592M cash on hand as of March 31, 2023.
- CEO says transaction accretive to cash flow, free cash flow, and return of capital; pro forma leverage below target.
- Prior guidance from May 3, 2023 to be updated with Q2 earnings announced in August 2023.

## SEC filing metadata
- accession: 0001486159-23-000019
- form_type: 8-K
- ticker: CHRD
- cik: 0001486159
- company_name: Chord Energy Corp
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1486159/000148615923000019/0001486159-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1486159/000148615923000019/oas-20230522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001486159-23-000019
- JSON: https://secwatch.observer/filing/0001486159-23-000019.json
- Plain text: https://secwatch.observer/filing/0001486159-23-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.