CHRD - Chord Energy: Will Q3's Production Growth Continue
2024-01-26 11:10:17 ET
Summary
- Chord Energy was able to report significant oil production growth in Q3.
- The company has developed an efficient well spacing program that they believe will create similar oil recovery with less capital, generally amplifying the company's IRR.
- It will be interesting to see the company's production growth in Q4 and what their FY2024 guidance will be when the company reports in February.
Chord Energy Corporation ( CHRD ) is an oil and gas producer operating primarily in the Bakken Shale. The company currently has a market cap of $6.21 billion. The company, which is the result of the merger of Oasis Petroleum and Whiting Petroleum in June 2022, is reportedly the largest acreage holder in the Bakken Shale Play....
Chord Energy: Will Q3's Production Growth Continue