Chord Energy Corporation, an independent exploration and production company, has been recommended for purchase by UBS.

The company is actively involved in acquiring, exploring, developing, and producing crude oil, natural gas liquids (NGLs), and natural gas in the Williston Basin, which covers North Dakota and Montana.

Chord Energy has a significant land position of approximately 1.3 million acres, with 98% of it located in the Williston Basin. The company focuses on the Middle Bakken and Three Forks formations.

Chord Energy has an average daily production of around 287,000 barrels of oil equivalent per day (boepd). The company sells its production to refiners, marketers, and other customers who have access to nearby pipeline and rail facilities, establishing Chord Energy as a prominent player in the energy sector.