Disciplined Williston, Oil-Focused Operator Delivering Strong Returns Premier Williston Operator Williston Basin Acreage Position Williston Commodity Mix3 10B market cap1 1.3MM net acres Production Size & scale with high quality…
Chords Disciplined Allocation of Capital 2024 Sources & Uses1 Cumulative Cash Returned to Shareholders2 Significant Cash Generation 4 Billion since 2021 2.9B EBITDA Cumulative Cash 1.2B FCF 1.5B CapEx Return of Capital /…
Delivering on Efficiencies From Longer Laterals Highlights Differential 3-Mile Productivity from CHRD2 +30% Supports shallower declines and lower corporate reinvestment rate vs. avg. 40%+ more EUR / 20%-25% increase in well…
Improving Returns with Wider Spacing Highlights Chord Well Spacing Conservative to Peers1 Wider spacing results in similar DSU recovery with substantially less capital 10 10 9 10-year inventory life reflects conservative view on…
Wider Spacing Effective Across Basin Highlights Cumulative Uplift (MBo/ft)1 Spacing uplift demonstrated across Chords position Consistently improves well productivity and predictability 1 Painted Woods 2 Wheelock Cum.…
Williston Basin - High Oil Cut and Strong Differentials High Oil Cut1 Oil-Weighted Revenues by E&P2 91% 78% 77% Percent Oil Production 65% Oil Revenue (% sales) 62% 49% Williston Midland DJ Delaware Eagle Ford CHRD A…
Williston Basin Predictable and Consistent Delivery Risk-Adjusted Well Productivity1 Subsurface delivers reduced variability compared to other basins 2.9 12-mo Oil Cum. / Std. Dev. 2.6 Risk-adjusted well productivity…
Enerplus Combination to Further Advance Efficiencies Better Drilling Times1,2 Completion Efficiencies2 Downtime Improvement2 -16% Days Spud to Rig Release 40% Barrels Pumped Per Day Downtime % of Volume -11%…
Balance Sheet Supports Leading Financial Position Credit Rating Low Leverage Strong Liquidity S&P BB- 0.3x leverage at 2Q24 Borrowing base 3B with 1.5B of Moodys Ba2 Target sub-1x in normalized price elected commitments Positive…
Committed to continuous improvement of ESG Performance1 Chord maintains sustainable energy practices that exemplify our commitment to energy security and availability Environmental Scope 1 Intensity Methane Reduction Spill…
Chord Energy = Premier Williston Operator Top Tier Oil Assets in Operational Expertise Largest Producer in Oil- Williston Basin Improving Returns focused Basin Williston size and scale with high quality 3-mile leader in basin…
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Premier Leadership Team Aligned with Shareholders Chord Leadership Team Strong strategic and cultural alignment Talented team brings operating best practices Management team with deep energy industry, Danny Brown M&A and…
Return of Capital Aim for peer-leading return of capital 2Q24 Return of Capital (MM, except per share) 1 Below 0.5x leverage: 75%+ of FCF Below 1.0x leverage: 50%+ of FCF 263 2Q24 Free Cash Flow2,3 1.0x leverage: Base dividend+…
2024 Updated Outlook Development Highlights 1 Guidance Ranges 1 5 to 6 rigs 3Q24 FY24 Gross Operated TIL Estimate Oil volumes (MBopd) 154.5 - 159.5 150.9 - 153.5 163 193 in FY24, 75% WI NGL volumes (MBblpd) 47.3 - 48.8 46.4 - 47.1…
Non-Operated Marcellus Position Highlights Marcellus Production Dry gas window in core of the Marcellus 180 169 Deferred TILs and 153 158 155 curtailed volumes Strong operator with top-tier well productivity 160 impact 2024…
Chord Financial and Operational Results Pro Forma1 Pro Forma1 Financial Highlights (MM) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Key Operating Statistics Q3 2023 Q4 2023 Q1 2024 Q2 2024 Oil Revenues 776 761 993 1,111 Oil Production (MBopd)…
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