Chord Energy Corporation has announced the successful completion of the combination of Whiting Petroleum Corporation and Oasis Petroleum Inc.

The new company is a scaled unconventional U.S. oil producer with a premier Williston Basin position with assets across approximately 972,000 net acres, combined first quarter production of 171.1 thousand boepd, and enhanced free cash flow generation. Chord's common stock is expected to begin trading on the NASDAQ Global Select Market under the ticker symbol CHRD on July 5, 2022. The new company is headquartered in Houston.

Chord has an expected net debt to EBITDAX ratio of approximately 0.2x as of June 30, 2022, which is pro forma for Oasis' US$15/share special dividend announced June 16, 2022 and the US$6.25/share cash merger consideration paid to Whiting shareholders in connection with the closing of the merger.