Friday, December 27, 2024
Chord Energy announces strategic acquisition of Williston Basin assets- oil and gas 360

Chord Energy announces strategic acquisition of Williston Basin assets

Oil and Gas 360 HOUSTON, May 22, 2023 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates (collectively, “XTO”), subsidiaries of Exxon Mobil Corporation, for total cash consideration of $375MM,

IEA: New G7 price cap pledge unlikely to impact oil markets- oil and gas 360

IEA: New G7 price cap pledge unlikely to impact oil markets

Oil Price There will be no significant effect on oil prices from stricter enforcement of the price cap on Russian oil exports as supply will not change meaningfully. This is according to the International Energy Agency, which commented on a statement made by the G7 during their meeting this weekend. “Any significant changes in the markets as always we will