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....
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Chord Energy: Will Q3's Production Growth Continue