secwatch.observer — SEC 8-K summary
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Issuer:     Chord Energy Corp (CHRD)
CIK:        0001486159
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001486159-23-000019
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486159/000148615923000019/0001486159-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486159/000148615923000019/oas-20230522.htm
  HTML page:      https://secwatch.observer/filing/0001486159-23-000019

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