Chord Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Chord Energy M&A Summary

Chord Energy has acquired 4 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Chord Energy’s largest acquisition to date was in 2017, when it acquired Forge Energy for $946M. It’s largest disclosed sale occurred in 2018, when it sold Bobcat DevCo to Oasis Midstream Partners for $125M. Chord Energy has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Chord Energy Business Overview

Where is Chord Energy headquartered?

Chord Energy is headquartered in Houston, Texas.

What is Chord Energy’s revenue?

Chord Energy disclosed revenue of 3,647M USD for 2022 and 1,580M USD for 2021.

How many employees does Chord Energy have?

Chord Energy has 531 employees.

What sector is Chord Energy in?

Chord Energy is an oil/gas exploration company.

When was Chord Energy founded?

Chord Energy was founded in 2007.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

Chord Energy

Chord Energy Corp.

1001 Fannin Street, Suite 1500,
Houston, Texas 77002
United States,
(281) 404-9500
www.chordenergy.com

Chord Energy is an independent oil and gas company focused on the acquisition and development of unconventional oil and natural gas resources. Chord Energy was formed in 2007 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - 1 1 - - 3
vol $946M $745M $1.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $125M $125M
  4

Most Recent M&A

Company Date Value Type
Whiting Petroleum Corp. 2022-07-01 - Merger
Denver, Colorado · www.whiting.com
Diamondback Energy - Williston Basin Assets 2021-10-21 745M USD Divestiture
Midland, Texas
Bobcat DevCo LLC 2018-11-08 125M USD Divestiture
, United States
Forge Energy LLC 2017-12-11 946M USD Add-on Acquisition
San Antonio, Texas · www.forgenergy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 1.7B (100%) - -
Energy Services and Equipment - - 1 (100%) 125M (100%)
Total 3 $1.7B 1 $125M

By Geo

State/Country Buy Value Sell Value
United States 3 1.7B 1 125M
  Texas 2 1.7B - -
  Colorado 1 - - -
Total 3 $1.7B 1 $125M

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
 1
Legal Deals
Vinson & Elkins
 1

Deal Values

buy # Total
$100M to $1B 2 $1.7B
TOTAL $1.7B
Largest Forge Energy LLC
$946M (2017-12-11)
sell # Total
$100M to $1B 1 $125M
TOTAL $125M
Largest Bobcat DevCo LLC
$125M (2018-11-08)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,647   131% 2022
1,580   46% 2021
1,083   48% 2020
2,072   11% 2019
2,322   87% 2018
1,248   78% 2017
705   11% 2016
790   44% 2015
1,390   22% 2014
1,141   67% 2013
686   2012
(millions of USD) Show More Show Less

Employees

531

Established

2007

Public

NASDAQ: CHRD

Former Name

Oasis Petroleum, Inc.

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