05:45 PM EDT, 09/15/2025 (MT Newswires) -- Chord Energy ( CHRD ) said late Monday it has entered into an agreement to buy assets in the Williston Basin from Exxon Mobil's ( XOM ) unit, XTO Energy, for $550 million.

Under the deal, Chord will acquire an 86% operating working interest in the Williston core.

"The assets have a low average NYMEX WTI breakeven and are immediately competitive for capital," said Danny Brown, chief executive officer of Chord Energy ( CHRD ).

The transaction value is expected to be funded via a combination of cash on hand and borrowings, it added.

The deal is expected to close by the year end.