'We are excited to announce the acquisition of these high-quality assets,' said Danny Brown, Chord Energy's President and Chief Executive Officer. 'The acquired assets are in one of the best areas of the Williston Basin and have significant overlap with Chord's existing footprint, setting the stage for long-lateral development. Mr. Brown continued, 'This acquisition is consistent with our strategic objectives, and we look forward to incorporating the assets into the Chord portfolio given our established history of successful integration and execution. Return of CapitalChord's return of capital framework calls for distributing 50%+ of adjusted FCF at forward net leverage between 0.5x and 1.0x and 75%+ of adjusted FCF at net leverage levels below 0.5x. Based on current commodity prices, Chord expects post transaction adjusted net leverage to be between 0.5x and 0.6x and to be back below 0.5x around mid-2026.