Chord Energy Corporation is an independent oil and natural gas exploration and production company that acquires, develops, and produces crude oil, natural gas liquids, and natural gas, with principal operations in the Williston Basin of North Dakota—a major unconventional resource play featuring the Bakken and Three Forks formations—and limited non-operated interests in the Marcellus Shale. The company sells its crude oil, natural gas liquids, and natural gas production to multiple purchasers primarily under short-term, market-based contracts indexed to NYMEX prices and adjusted for transportation, quality, and location differentials, with revenues recognized upon delivery and title transfer. The company generates revenue from the sale of its own production as well as from trading and marketing activities involving purchased oil and gas, and it pursues growth through capital investments in drilling and completion activities in its core operating areas and through strategic acquisitions of producing assets.