Merger • Oil/Gas Exploration

Chord Energy Acquires Whiting Petroleum

On July 1, 2022, Chord Energy acquired oil/gas exploration company Whiting Petroleum

Acquisition Context
  • This is Chord Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Chord Energy’s 3rd transaction in the United States.
  • This is Chord Energy’s 1st transaction in Colorado.

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M&A Deal Summary

Date July 1, 2022
Target Whiting Petroleum
Sector Oil/Gas Exploration
Buyer(s) Chord Energy
Deal Type Merger
Advisor(s) Citi (Financial)
Kirkland & Ellis (Legal)

Target Company

Whiting Petroleum

Denver, Colorado, United States
Whiting Petroleum is an independent exploration and production company with an oil-focused asset base. Whiting Petroleum was founded in 1980 and is based in Denver, Colorado.
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Buyer Overview 1

Buyer

Chord Energy

Houston, Texas, United States

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees514
Revenue 5.3B USD (2024)
DESCRIPTION
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.

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.


Deal Context for Buyer #
Overall 3 of 3
Sector: Oil/Gas Exploration 3 of 3
Type: Merger 1 of 1
State: Colorado 1 of 1
Country: United States 3 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Diamondback Energy - Williston Basin Assets

Midland, Texas, United States

Williston Basin Assets is one of the largest sedimentary basins in the U.S. and has oil and gas production from several reservoirs.

Buy $745M