A subsidiary of Chord Energy Corp., Houston, has agreed to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates, subsidiaries of Exxon Mobil Corp., for $550 million. With an average NYMEX WTI breakeven in the $40s, the assets “compete at the front-end of Chord's program and lower the weighted-average breakeven of Chord's portfolio,” the company said. The assets include 48,000 net Williston acres (86% operated working interest, 82% 8/8ths net revenue interest, 100% held by production); 90 net 10,000 ft equivalent locations (72 net operated); interests in Chord-operated wells and new DSUs, plus royalty interests. The company said “expected near-term production” is about 9,000 boe/d (78% oil) with a projected low base decline rate of about 23%. The deal is expected to close by yearend 2025.