Williston/Bakken oil pure-play created from the 2022 Oasis-Whiting merger and scaled via the ~$4bn Enerplus acquisition (mid-2024); FY2025 delivered 276.6 MBoe/d (56% oil) and $817M adjusted free cash flow.
Peer-leading balance sheet (net debt ~$1.31bn, ~0.6x EBITDA) and a return-of-capital model anchored on a raised base dividend plus buybacks; GAAP net income fell to $44.5M in 2025 on weaker oil prices despite $551M adjusted net income.
Its EV/EBITDA of 3.9x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 10.5% is higher than the 6.5% median, and at $9.87/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Chord Energy Corporation scores 57/100, strongest on growth (90/100). Sub-scores: value 53, quality 44, growth 90, risk 35 (higher = riskier).
Chord Energy Corporation holds approximately 0.92 billion boe of proved (1P) reserves with FY2025 production of about 277 thousand boe/d (75% liquids), a reserve life of roughly 9.1 years. Break-even: ~$40 (WTI FCF breakeven) — 3-mile laterals and Enerplus synergies keep the corporate FCF breakeven in the low-$40s WTI, with the base dividend covered well below that.
For Chord Energy Corporation, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| United States | 100% | 23 | Stable, deep; federal-lands leasing and permitting policy swings. |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Williston Core (ND) | United States | Oil | Operated Bakken/Three Forks core acreage |
| Legacy Oasis acreage | United States | Oil | Original Williston position |
| Whiting merger assets | United States | Oil | 2022 merger of equals added scale |
| Enerplus assets | United States | Oil | 2024 acquisition; high-quality ND/MT Williston |
| Montana Williston | United States | Oil | Western basin extension / Elm Coulee |
| 3-mile lateral program | United States | Oil | Long-lateral capital efficiency |
| Associated gas & NGL | United States | Gas | Gas/NGL takeaway |
| Mineral & royalty interests | United States | Royalty | Retained mineral/royalty interests |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 63 | 171 | 178 | 208 | 277 |
| Proved reserves (bnboe) | 0.42 | 0.59 | 0.60 | 0.86 | 0.92 |
| Revenue ($bn) | 1.6 | 3.6 | 3.9 | 5.2 | 4.9 |
| EBITDA ($bn) | 0.8 | 2.0 | 1.9 | 2.4 | 2.3 |
| Net income ($bn) | 0.3 | 1.9 | 1.1 | 0.8 | 0.0 |
| Free cash flow ($bn) | 0.7 | 1.4 | 0.9 | 0.9 | 0.8 |
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✓ FY2025 figures verified against primary sources:
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