Chord Energy Corp 2025年季度报告

For the quarterly period endedMarch 31, 2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission file number:1-34776 Glossary of TermsPART I — FINANCIAL INFORMATIONItem1. — Financial Statements (Unaudited)Condensed Consolidated Balance Sheets atMarch 31, 2025andDecember 31, 2024Condensed Consolidated Statements of Operations for theThree Months EndedMarch 31, 2025and2024Condensed Consolidated Statements of Changes in Stockholders’ Equity for theThree Months EndedMarch 31, 2025and2024Condensed Consolidated Statements of Cash Flows for theThree Months Ended March 31, 2025and2024Notes to Condensed Consolidated Financial Statements1. Organization and Summary of Significant Accounting Policies2. Revenue Recognition3. Inventory4. Additional Balance Sheet Information5. Fair Value Measurements6. Derivative Instruments7. Property, Plant and Equipment8.Acquisitions9.Investment in Unconsolidated Affiliate10. Long-Term Debt11. Asset Retirement Obligations12. Income Taxes13. Equity-Based Compensation14. Stockholders’ Equity15. Earnings Per Share16. Commitments and Contingencies17. LeasesItem 2. — Management’s Discussion and Analysis of Financial Condition and Results of OperationsOverview and Recent DevelopmentsResults of OperationsLiquidity and Capital ResourcesFair Value of Financial InstrumentsCritical Accounting Policies and EstimatesItem3. — Quantitative and Qualitative Disclosures About Market RiskItem4. — Controls and ProceduresPART II — OTHER INFORMATIONItem1. — Legal Proceedings Item6. — ExhibitsSIGNATURES The terms defined in this section are used throughout this Quarterly Report on Form 10-Q:“ABR.” Alternate base rate. “ARO.” Asset retirement obligations. “ASC.” Accounting Standards Codification.“ASU.” Accounting Standards Update. “Basin.” A large natural depression on the earth’s surface in which sediments generally brought by water accumulate.“Bbl.” One stock tank barrel, of 42 U.S. gallons liquid volume, used herein in reference to crude oil, condensate, natural gas liquids orfresh water.“Boe.” Barrels of oil equivalent, with 6,000 cubic feet of natural gas being equivalent to one barrel of crude oil.“Boepd.”Barrels of oil equivalent per day. “FASB.” Financial Accounting Standards Board. structural feature or stratigraphic condition. The field name refers to the surface area, although it may refer to both the surface and theunderground productive formations. “Formation.” A layer of rock which has distinct characteristics that differ from nearby rock.“G&A.” General and administrative. “GPT.” Gathering, processing and transportation. “MBbl.” One thousand barrels of crude oil, condensate, natural gas liquids or fresh water. “MBoe.” One thousand barrels of oil equivalent.“Mcf.” One thousand cubic feet of natural gas. “MMBtu.” One million British thermal units.“MMcf.” One million cubic feet of natural gas. “Net acres.” The percentage of total acres an owner has out of a particular number of acres, or a specified tract. An owner who has 50% interest in 100 acres owns 50 net acres. “NGL.”Natural gas liquids. “NYMEX.” The New York Mercantile Exchange. “NYMEX WTI.” The New York Mercantile Exchange West Texas Intermediate crude oil price index. “OPEC+.” The Organization of Petroleum Exporting Countries and other oil exporting nations. “Plug.”A down-hole packer assembly used in a well to seal off or isolate a particular formation for testing, acidizing, cementing, etc.;also a type of plug used to seal off a well temporarily while the wellhead is removed. 1 “Proved reserves.” Those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated withreasonable certainty to be economically producible — from a given date forward, from known reservoirs, and under existing economicconditions, operating methods, and government regulations — prior to the time at which contracts providing the right to operateexpire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods areused for the estimation. The project to extract the hydrocarbons must have commenced or the operator must be reasonably certain thatit will commence the project within a reasonable time. The area of the reservoir considered as proved includes (i)the area identified bydrilling and limited by fluid contacts, if any, and (ii)adjacent undrilled portions of the reservoir that can, with reasonable certainty, bejudged to be continuous with it and to contain economically producible crude oil or gas on the basis of available geoscience and reservoir with properties no more favorable than in the reservoir as a whole, the operation of an installed program in the reservoir oran analogous reservoir, or other evidence using reliable technology establishes the reasonable certainty of the engineering analysis onwhich the project or program was based; and (ii)the proje