Chord Energy Corp (NASDAQ: CHRD) is an oil and gas exploration and production company that acquires, develops, and produces crude oil and natural gas from operated and non-operated wells. Revenue is generated through the sale of crude oil, natural gas, and natural gas liquids extracted from its acreage. The company's 10-K for the fiscal year ended December 31, 2025, filed February 26, 2026, references operations tied to developed and undeveloped acreage, development wells, and proved reserves. References to the Dakota Access Pipeline (DAPL) in the filing indicate midstream infrastructure reliance for crude oil transportation. The business is capital-intensive, with significant spending on drilling and well completion required to maintain and grow production volumes. Chord Energy was formed through a merger and operates as an independent E&P company.

Revenue model

Transactional commodity sales. Revenue is generated by selling crude oil, natural gas, and natural gas liquids at market prices. Realized prices are subject to commodity price volatility and hedging activity.

Products and services

Crude oil, natural gas, natural gas liquids (NGLs). Operations involve drilling development wells, completing wells, and producing hydrocarbons from proved developed and undeveloped acreage.

Customers and end markets

The filing excerpts do not specify named customers or customer concentration data. End markets are crude oil and natural gas commodity markets.

Value-chain role

Upstream oil and gas producer. Explores, drills, completes, and operates wells to produce hydrocarbons for sale. Relies on midstream infrastructure, including the Dakota Access Pipeline, for transportation.

Geographic exposure

The filing excerpts reference the Dakota Access Pipeline, suggesting operations in the Williston Basin region, but specific geographic acreage or production data are not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-02-26

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