Chord Energy has agreed to sell its US$550 million non-operated Marcellus position to POSCO International, refocusing the company on its Williston Basin portfolio while adjusting leverage, capital spending plans, and overall oil exposure. The sale comes as Chord Energy's shares have eased in the past week, with a 7 day share price return of 4.95% and a 30 day share price return of 2.27%, though the 90 day share price return of 16.10% and year to date share price return of 52.61% point to solid upward momentum. Longer term holders have already seen substantial gains, with a 1 year total shareholder return of 50.17% and a 5 year total shareholder return of 134.40%. Chord Energy last closed at $144.49, while the most followed narrative pegs fair value at $167.47, a gap built around efficiency, capital discipline, and how far the Williston focused portfolio can stretch its cash generation under a 7.24% discount rate. Strong execution of longer-lateral 4-mile drilling with early results significantly outperforming expectations positions Chord to lower breakeven costs and increase access to previously marginal acreage, though heavy reliance on the Williston Basin and exposure to tighter environmental rules could quickly challenge assumptions on production, costs and valuation.
Posco International CorpPOSCO International is the buyer acquiring Chord Energy's $550M non-operated Marcellus position.
Chord Energy CorpChord Energy agreed to sell its $550M non-operated Marcellus position, refocusing on the Williston Basin and adjusting leverage and capital spending.
