TacticScaleWhat Chord Energy Does & How It Makes Money (CHRD)
Updated October 2026 · reflects Chord Energy's latest reported financials
Independent oil and gas producer focused on North Dakota's Williston Basin. It makes money by producing crude oil, natural gas and natural gas liquids from its Williston Basin wells and selling them to refiners, marketers and other purchasers that reach them by pipeline or rail.
How Chord Energy makes money
It makes money by producing crude oil, natural gas and natural gas liquids from its Williston Basin wells and selling them to refiners, marketers and other purchasers that reach them by pipeline or rail. Its revenue rises and falls with production volumes and commodity prices.
What Chord Energy does
Chord Energy Corporation is an independent US exploration and production (E&P) company. It acquires, explores, develops and produces crude oil, natural gas and natural gas liquids, and all of its operations are in the Williston Basin. It sells its output to refiners, marketers and other purchasers that can reach it by pipeline or rail. The company was founded in 2007 as Oasis Petroleum Inc. and took the Chord Energy name in July 2022. It is headquartered in Houston, Texas. Because it is a pure upstream producer in a single basin, its results depend mainly on oil and gas prices and on how much it produces from its Williston acreage.
Products & services
- Crude oil
- Natural gas
- Natural gas liquids (NGLs)
- Williston Basin acreage and wells
What is Chord Energy worth?
On an owner-earnings DCF, Chord Energy's most-likely value is about $218 versus a recent price near $142 (54% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$163) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $142 is below even the no-growth floor ($163); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -1.8%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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