February 25, 2025 Consistent Delivery and Strong Returns at Attractive Valuation
Disciplined, Oil-Focused, Williston Operator Delivering Strong Returns Premier Williston Operator Williston Basin Acreage Position Marcellus Non-Op Acreage Size & scale with high quality assets Position 7B market cap1 1.3MM net…
Attractive Valuation Supports Compelling Investment Opportunity Highlights Enterprise Value vs. Proved Reserves Value2,3 High-quality assets at attractive valuation vs peers 10.3B Trading below proved reserve value with deep,…
Deep, Low-Cost Inventory at Discounted Valuation Sub-60 Inventory Life1,2 Deep inventory of low breakeven locations competitive with top U.S. onshore producers Strong execution, high quality resource result in robust Williston Basin…
Strong Capital Efficiency Delivers Significant Free Cash Flow Generation Highlights Cumulative Capital Returned to Shareholders2 Returning significant free cash flow to shareholders 4 Billion Multi-year track record of strong capital…
Improving Capital Efficiency Year-Over-Year Capital Efficiency (2025 vs 2024)1 25,000 Improving Capital Efficiency A 30,000 Multi-year track record of attractive 35,000 capital efficiency 2025 /Bopd B 40,000 C E D G FH…
Williston Basin: High Oil Cut, Predictable and Consistent Delivery Williston Basin Highlights Risk-Adjusted Well Productivity1 Subsurface delivers reduced variability compared to other basins 2.9 12-mo Oil Cum. / Std. Dev. 2.6…
Extended Laterals Delivering Strong Returns 3-Mile Laterals Enhance Capital Efficiency 3-Mile Economics Strengthen Returns1 +50% higher EUR / +20% increase in well costs Western 10K vs Western 15K Performance across basin meeting…
Long-Term Well Performance Delivering Strong Program Results Program Highlights Measuring Capital Efficiency1 Conservative spacing and longer laterals support low decline rate Oil Bopd (per ft) / D&C (per ft) normalizes production…
Chord Energy = Premier Williston Operator Top Tier Oil Assets in Durable, Low Cost Inventory Enhancing Capital Williston Basin at Compelling Valuation Efficiency Williston size and scale with high quality Attractive valuation &…
Wider Spacing Effective Across Basin Wider Spacing Highlights Cumulative Uplift (MBo/ft)1 Spacing uplift demonstrated across Chords position Consistently improves well productivity and predictability 1 Painted Woods 2 Wheelock…
Balance Sheet Supports Leading Financial Position Low Leverage Credit Rating Strong Liquidity 0.3x leverage at 4Q24 Moodys Ba1 Borrowing base 2.75B with 2B of elected Target sub-1x in normalized price S&P BB- (positive outlook)…
Return of Capital Aim for peer-leading return of capital 4Q24 Return of Capital (MM, except per share) 1 Below 0.5x leverage: 75%+ of Adjusted FCF Below 1.0x leverage: 50%+ of Adjusted FCF 282 Adjusted Free Cash Flow2 1.0x leverage:…
2025 2027 Outlook: Positive Rate of Change Continues 2025 2027 Plan Highlights Long-Lateral Development1 Holding oil volumes flat (152 153 MBopd) Capital efficiency improves with more 3-mile laterals in program Capital of 1.4B annually…
2025 Outlook Sources & Uses1 Guidance Highlights 1.4B CapEx at midpoint (90MM less than orig. proforma 2024 guide) o Anticipate CapEx weighted towards 1H25 Significant Cash Generation o Approximately 205MM - 225MM non-op CapEx (80%…
Core Non-Operated Marcellus Position Highlights Marcellus Production Dry gas window in core of the Marcellus 155 Deferred TILs and curtailed Strong operator with top-tier well productivity volumes impact 2024 Production (MMcfpd)…
Chord Financial and Operational Results Pro Forma1 Pro Forma1 Pro Forma1 Pro Forma1 Financial Highlights (MM) Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY24 Key Operating Statistics Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY24 Oil Revenues 993 1,111…
Loading...
