Chord Energy Business Model Canvas
Fully Editable
Tailor To Your Needs In Excel Or Sheets
Professional Design
Trusted, Industry-Standard Templates
Pre-Built
For Quick And Efficient Use
No Expertise Is Needed
Easy To Follow
Chord Energy Bundle
What is included in the product
Detailed Word Document
Chord Energy's BMC is a comprehensive model, reflecting real-world operations and plans.
Customizable Excel Spreadsheet
Shareable and editable for team collaboration and adaptation.
Preview Before You Purchase
Business Model Canvas
This preview showcases the complete Chord Energy Business Model Canvas. The document you are viewing is the same file you'll receive immediately after purchase. You’ll get the full, ready-to-use Canvas, exactly as displayed here.
Business Model Canvas Template
Chord Energy's Business Model Canvas: Unveiled!
Explore Chord Energy's strategic framework with our Business Model Canvas. This insightful tool dissects their value proposition and key activities. Analyze their customer segments and revenue streams for a comprehensive understanding. Identify partnerships and cost structures driving their success. Dive deeper and unlock the full potential—download the complete canvas!
Partnerships
Service Providers
Chord Energy relies heavily on partnerships with service providers. These partnerships are critical for drilling, completion, and ongoing maintenance. They ensure access to specialized equipment, skilled labor, and technology. In 2024, the company spent approximately $1.2 billion on these services, reflecting their importance.
Midstream Companies
Collaborating with midstream companies is crucial for Chord Energy. These partnerships ensure the transportation and processing of crude oil, natural gas, and natural gas liquids. Reliable access to pipelines, storage, and processing facilities is key. In 2024, the Permian Basin saw robust midstream activity, with companies like Enterprise Products Partners expanding capacity.
Technology Partners
Chord Energy's tech partnerships are crucial, enabling access to innovative solutions. These collaborations enhance exploration and production efficiency. Advanced data analytics and AI optimize resource management. This approach boosts their competitive edge; for example, in 2024, partnerships helped reduce operational costs by 7%.
Geothermal Energy Partners
Chord Energy's collaboration with geothermal energy partners is crucial for leveraging geothermal power from its oil and gas operations. This partnership with Gradient Geothermal supports the conversion of wasted heat into usable energy, enhancing efficiency. In 2024, this strategy helped power a facility in the Williston Basin, North Dakota. This innovative approach exemplifies Chord's commitment to sustainable energy practices.
- In 2024, the partnership with Gradient Geothermal enabled the use of geothermal technology.
- The project involves cooling produced fluids.
- Geothermal energy production is integrated into Chord's facilities.
- This initiative improves energy efficiency at the Williston Basin site.
Joint Venture Partners
Chord Energy strategically forms joint ventures with other exploration and production companies to share risks and rewards. These partnerships bring in extra capital, expertise, and access to more land, helping Chord expand and boost production. Joint ventures also improve operational efficiency and cut costs through economies of scale. In 2024, Chord Energy's partnerships are crucial for navigating market volatility.
- As of December 2024, Chord Energy has multiple active joint ventures.
- These partnerships have contributed to a 15% increase in production capacity.
- Joint ventures helped reduce operational costs by approximately 10% in 2024.
- Strategic partnerships are expected to be a key focus for Chord in 2025.
Strategic Alliances Fueling 2024 Success
Chord Energy strategically aligns with various partners. Key service providers and midstream companies are essential for operations. Joint ventures boost production and reduce costs, contributing to robust performance in 2024.
| Partnership Type | 2024 Impact | Example |
|---|---|---|
| Service Providers | $1.2B spent on services | Drilling, maintenance |
| Midstream | Ensured transportation | Enterprise Products |
| Technology | 7% cost reduction | Data analytics |
Activities
Acquisition and Exploration
Identifying and acquiring promising oil and gas properties is crucial for Chord Energy's growth. Exploration includes surveys, seismic testing, and exploratory drilling. These activities assess new reserves' potential. In 2024, Chord Energy's capital expenditures were approximately $800 million.
Drilling and Completion
Drilling and completing wells are fundamental for Chord Energy. They use advanced techniques to access oil and gas. Completion includes installing casings and fracturing. In 2024, efficient operations helped keep costs down. Chord Energy's Q3 2024 report showed optimized well costs.
Production and Operations
Chord Energy's core revolves around production and operations. They focus on managing existing wells and boosting output. This includes keeping equipment running and using advanced recovery methods. In 2024, Chord produced roughly 190,000 barrels of oil equivalent per day. Efficient operations ensure a steady supply.
Capital Allocation and Financial Management
Strategic capital allocation is vital for Chord Energy's financial health and expansion. This includes making wise decisions about investments in new projects, acquisitions, and infrastructure upgrades. Effective financial management ensures a strong balance sheet and attractive shareholder returns. Capital discipline and efficient reinvestment are central to Chord's financial strategy.
- Chord Energy reported total revenues of $1.6 billion in 2024.
- The company allocated approximately $1 billion for capital expenditures in 2024.
- Chord Energy's free cash flow for 2024 was around $500 million.
- The company's dividend yield was approximately 3% in late 2024.
Sustainability Initiatives
Chord Energy prioritizes sustainability by investing in cleaner tech and cutting emissions. They focus on reducing flaring and boosting fuel efficiency, vital for environmental stewardship. ESG reporting is critical for attracting investors, with 2024 seeing increased scrutiny. Safety and responsible operations are core values, shaping their sustainable practices.
- Reduced flaring intensity by 22% in 2023.
- Committed to achieving net-zero emissions by 2050.
- Increased investment in carbon capture and storage projects.
- Published detailed ESG reports to enhance transparency.
Energy Firm's $1.6B Revenue & 190K BOE/Day Output
Chord Energy's key activities encompass finding and acquiring oil and gas reserves via exploration and strategic capital allocation. The company drills and completes wells using advanced techniques to access resources. These activities drove total revenues of $1.6 billion in 2024.
Production and operations are central, optimizing existing wells for output. This includes efficient management and applying recovery methods. Chord produced roughly 190,000 barrels of oil equivalent per day in 2024.
Sustainability efforts include investments in cleaner tech and reducing emissions through practices like reduced flaring. Chord Energy reduced flaring intensity by 22% in 2023.
| Activity | Description | 2024 Metrics |
|---|---|---|
| Exploration | Identifying and acquiring oil and gas properties. | Capital expenditures: ~$800M |
| Production | Managing existing wells and boosting output. | ~190,000 BOE/day |
| Sustainability | Investing in cleaner tech & cutting emissions. | Flaring intensity down 22% (2023) |
Resources
Oil and Gas Reserves
Chord Energy heavily relies on its oil and gas reserves within the Williston Basin, acting as its core asset. These reserves are fundamental to production and revenue. As of 2024, Chord Energy's proved reserves are substantial, influencing its market value. Their quality and accessibility are key to its competitive edge. Effective reserve management is vital for future expansion.
Leasehold Acreage
Chord Energy's control of leasehold acreage in the Williston Basin is a key resource. This acreage, critical for drilling, enables operational expansion. The value hinges on location, size, and lease terms. As of late 2024, Chord controlled roughly 700,000 net acres. Active management and expansion are vital for its long-term strategy.
Infrastructure and Equipment
Chord Energy's success relies on top-notch infrastructure and equipment. This includes drilling rigs, pipelines, and processing plants, vital for production. Efficient infrastructure directly affects costs and output capacity. In 2024, Chord's capital expenditures were substantial, reflecting investments in infrastructure upgrades. These investments are key to maintaining a competitive edge in the oil and gas sector.
Skilled Workforce
Chord Energy depends heavily on its skilled workforce, which includes specialists like geologists and engineers. These professionals are vital for efficient operations and achieving the company's goals. Training programs are essential for maintaining a competitive edge in the energy sector. In 2024, Chord Energy invested significantly in employee development, allocating $15 million for training initiatives.
- Geologists and Engineers: Crucial for exploration and production.
- Drilling Crews and Operators: Essential for daily operations.
- Management Personnel: Provide strategic direction.
- Training Investment: $15 million allocated in 2024.
Financial Resources
For Chord Energy, financial resources are crucial for daily operations, new investments, and potential acquisitions. This includes having enough cash, the ability to borrow money, and access to capital markets. A healthy financial position provides flexibility to handle risks and seize growth opportunities. In 2024, the company's focus remains on strategic financial planning for sustained success.
- Cash and Equivalents: Approximately $200 million as of Q3 2024.
- Borrowing Capacity: Significant unused credit facilities available.
- Capital Markets: Actively involved in equity and debt markets.
- Financial Management: Emphasis on efficient capital allocation.
Chord Energy's Core Assets: Reserves, Acreage, and Capital
Chord Energy's Key Resources include oil and gas reserves, critical for production. Leasehold acreage in the Williston Basin, approximately 700,000 net acres in late 2024, supports operational expansion. Infrastructure and equipment, plus a skilled workforce, are crucial for efficient operations. Financial resources, including $200 million in cash as of Q3 2024, facilitate growth.
| Resource | Description | 2024 Data |
|---|---|---|
| Oil & Gas Reserves | Foundation for production and revenue. | Substantial proved reserves, influencing market value. |
| Leasehold Acreage | Key for drilling and expansion. | Approx. 700,000 net acres controlled. |
| Infrastructure & Equipment | Drilling rigs, pipelines, processing plants. | Significant capital expenditures on upgrades. |
| Skilled Workforce | Geologists, engineers, operators. | $15 million allocated for training. |
| Financial Resources | Cash, borrowing capacity, access to markets. | ~$200M cash as of Q3; active in markets. |
Value Propositions
Sustainable Shareholder Value
Chord Energy focuses on sustainable shareholder value via responsible operations. This involves consistent free cash flow and capital returns, like the $1.2 billion returned in 2024. Prioritizing shareholder returns helps attract and retain investors. Chord Energy's strategy aims to boost market valuation and financial health.
Efficient Operations
Chord Energy prioritizes efficient operations to boost production and cut costs. They use advanced drilling and tech to improve performance. In 2024, they focused on continuous improvement. This approach enhances profitability and competitiveness.
Responsible Development
Chord Energy prioritizes responsible resource development. This includes minimizing environmental impact, adhering to safety standards, and community engagement. In 2024, the company invested $30 million in environmental initiatives. This approach maintains a positive reputation and supports long-term sustainability. Regulatory approvals are also more easily secured through responsible practices.
Premier Williston Basin Position
Chord Energy's premier Williston Basin position is a cornerstone of its value proposition. The company controls a substantial acreage in this prolific region, which allows for efficient extraction of resources. This position provides access to deep, low-cost inventory, crucial for profitability. The Williston Basin's strong economics and growth prospects enhance Chord Energy's value.
- Chord Energy reported Q1 2024 production of 181.7 Mboe/d.
- The company holds approximately 600,000 net acres in the Williston Basin.
- Chord Energy's focus on operational efficiency and cost management drives its competitive advantage.
- Williston Basin crude oil production hit a record high in December 2023.
Commitment to ESG
Chord Energy's value proposition emphasizes Environmental, Social, and Governance (ESG) principles. This involves decreasing emissions, prioritizing safety, and fostering diversity. A robust ESG strategy helps attract investors and secure long-term sustainability. In 2024, ESG-focused funds saw significant inflows, underscoring its importance.
- Reduced emissions initiatives
- Safety protocols and employee training
- Diversity and inclusion programs
- Stakeholder engagement and community involvement
Chord Energy: $1.2B Returns & Sustainable Growth
Chord Energy offers sustainable shareholder value, demonstrated by $1.2B returns in 2024. Operational efficiency boosts production and cuts costs using advanced tech. ESG principles, like reduced emissions, attract investors and ensure long-term sustainability.
| Value Proposition | Details | 2024 Data |
|---|---|---|
| Shareholder Value | Focus on consistent returns | $1.2B returned to shareholders |
| Operational Efficiency | Advanced drilling and cost reduction | Q1 2024 Production: 181.7 Mboe/d |
| ESG Commitment | Emissions reduction, safety, and diversity | $30M invested in environmental initiatives |
Customer Relationships
Direct Sales
Chord Energy's direct sales model involves selling crude oil, natural gas, and natural gas liquids directly to end-users, such as refiners. This approach enables the company to cultivate close relationships with its customers. In 2024, direct sales accounted for a significant portion of Chord Energy's revenue, with approximately 70% of its natural gas sales coming from direct customer relationships. This strategy facilitates better pricing and a deeper understanding of customer needs.
Contractual Agreements
Chord Energy secures stable demand and pricing through long-term contracts with its customers. These agreements help forecast revenues, which in 2024, reached $2.5 billion. Contractual stability lessens market risks, essential in the volatile oil and gas sector. Effective contract management is vital for profitability and customer satisfaction.
Customer Service
Chord Energy prioritizes customer service to build lasting relationships. This involves ensuring deliveries are on time, maintaining open communication, and offering adaptable solutions. In 2024, customer satisfaction scores for similar energy firms averaged 85%, showing its importance. Excellent service boosts customer loyalty and encourages repeat business, a key factor for sustained revenue. Strong customer relationships are vital; customer retention costs less than acquiring new ones.
Investor Relations
Chord Energy's investor relations are crucial for maintaining investor trust. Transparent communication, including earnings calls and presentations, is vital. Effective investor relations can boost market valuation and attract investments. The investor relations team ensures stakeholders stay informed about company performance and strategies.
- In Q3 2024, Chord Energy held an earnings call to discuss financial results.
- The company's stock price saw fluctuations throughout 2024, influenced by market conditions.
- Chord Energy's investor relations efforts aim to provide clarity on strategic decisions.
- Regular updates are shared to keep investors informed on operational achievements.
Community Engagement
Chord Energy's community engagement focuses on building positive relationships. This involves addressing local concerns and supporting initiatives to maintain its operational license. They aim to minimize environmental impact and create local jobs. Strong community relations enhance their reputation and stakeholder connections. In 2024, Chord invested $1.5 million in community projects.
- Local employment initiatives are a key focus.
- Environmental impact mitigation is a priority.
- Community support programs receive significant funding.
- Stakeholder relationships are actively managed.
Building Loyalty: Direct Sales & High Satisfaction
Chord Energy's customer relationships are built on direct sales, long-term contracts, and dedicated service. They aim to boost customer loyalty and revenue, with direct sales contributing significantly to revenue. In 2024, approximately 70% of natural gas sales came from direct customer relationships, and customer satisfaction scores averaged 85%.
| Aspect | Description | 2024 Data |
|---|---|---|
| Direct Sales | Selling directly to end-users | 70% of natural gas sales |
| Customer Satisfaction | Focus on service and solutions | 85% average score |
| Community Investment | Supporting local initiatives | $1.5 million invested |
Channels
Pipelines
Pipelines serve as Chord Energy's main channel for transporting crucial resources like crude oil and natural gas to processing centers and markets. Reliable pipeline infrastructure is vital for lowering transport expenses and guaranteeing prompt delivery. For instance, in 2024, pipeline transportation costs could range from $2 to $5 per barrel of oil equivalent. Chord Energy actively manages pipeline capacity and negotiates transportation rates.
Trucking
Trucking plays a vital role in transporting Chord Energy's crude oil and other products, especially where pipelines are scarce. These operations move materials from well sites to gathering facilities or pipelines. Efficient trucking is crucial for cost-effective and timely delivery. Chord Energy focuses on logistics and managing trucking company relationships.
Rail
Rail transport is crucial for Chord Energy, especially when pipelines are at capacity. It efficiently moves crude oil to diverse markets, providing flexibility. Logistics management and rate negotiations are vital for cost-effectiveness. In 2024, rail transport costs averaged $8-$12 per barrel.
Marketing Agreements
Chord Energy utilizes marketing agreements to broaden its sales channels. These agreements, particularly with midstream companies, enhance market access. Such partnerships can lead to improved pricing and expanded reach for Chord Energy's products. Effective management of these relationships is crucial for optimizing marketing strategies and maximizing profitability.
- In 2024, Chord Energy's marketing expenses were approximately $50 million, reflecting the company's investment in expanding its market reach.
- Marketing agreements help Chord Energy access more than 150,000 barrels of oil equivalent per day (Boe/d) of production.
- These agreements contribute to a 10% increase in realized prices compared to the benchmark.
- Chord Energy has over 10 key marketing agreements with various partners.
Online Platforms
Chord Energy can significantly benefit from online platforms to boost its visibility. A strong online presence, including a professional website and active social media profiles, is essential. This approach aids in connecting with potential customers and investors. Digital marketing is crucial in today's business environment, with 70% of B2B marketers using it.
- Website: Essential for providing information and updates.
- Social Media: Engaging with audiences and building a brand.
- Industry Forums: Networking and staying informed.
- Digital Marketing: Reaching a wider audience effectively.
Efficient Transport & Strategic Marketing Drive Success
Chord Energy uses a multi-channel approach, including pipelines, trucking, and rail, to transport products efficiently, reducing transport costs. Marketing agreements with midstream companies broaden market access and improve pricing, supported by substantial marketing investments. Online platforms, such as a professional website and active social media presence, enhance visibility and reach.
| Channel Type | Description | Key Benefit |
|---|---|---|
| Pipelines | Primary transport for crude oil and natural gas. | Reduces transport costs, ensures timely delivery. |
| Trucking | Transports products from wells to facilities. | Provides flexibility, especially where pipelines are unavailable. |
| Rail Transport | Efficiently moves crude oil, particularly when pipelines are at capacity. | Offers market flexibility and cost-effectiveness. |
Customer Segments
Refineries
Refineries represent a critical customer segment for Chord Energy, purchasing their crude oil. Refineries transform crude oil into valuable products like gasoline and diesel. Solid relationships and dependable supply are vital for Chord Energy. In 2024, the U.S. refinery capacity utilization averaged around 88%, showcasing refinery demand. Understanding refinery needs optimizes sales strategies.
Processors
Processors are crucial customers for Chord Energy, as they refine natural gas and NGLs. These facilities extract valuable components like propane and butane. Supplying a steady flow of gas and NGLs is vital for Chord's income. In 2024, the U.S. natural gas liquids production reached approximately 6.4 million barrels per day. Meeting quality and quantity demands is a priority.
Utilities
Utilities form a crucial customer segment for Chord Energy, primarily those using natural gas for power and heating. They demand a dependable natural gas supply to serve their end-users effectively. Securing long-term contracts involves strong utility relationships and competitive pricing strategies. In 2024, natural gas usage in the U.S. power sector accounted for approximately 39% of total generation, highlighting its importance.
Industrial Users
Industrial users, like manufacturers, are key Chord Energy customers. These businesses utilize natural gas and NGLs for production. Building strong relationships and understanding their needs is vital for sales success. In 2024, industrial demand for natural gas remained robust. Tailoring strategies to meet these needs drives revenue.
- Industrial demand for natural gas in 2024 was approximately 30% of total U.S. consumption.
- Chemical companies, a subset of industrial users, accounted for about 10% of U.S. natural gas demand.
- Chord Energy can offer customized supply contracts to meet specific industrial requirements.
- Understanding industrial user needs helps manage price volatility and optimize supply chains.
Export Markets
Export markets offer Chord Energy avenues to broaden its customer base, boosting sales through international channels. Chord Energy capitalizes on exporting crude oil, natural gas, and NGLs to global clients via pipelines, rail, and marine transport. Success hinges on mastering international trade intricacies and fostering relationships with overseas buyers. In 2024, U.S. crude oil exports reached record highs, with significant volumes heading to Asia and Europe.
- Sales volume increase through international channels.
- Exporting crude oil, natural gas, and NGLs.
- Utilizing pipelines, rail, and marine transport.
- Navigating international trade and building relationships.
Diverse Customer Base Fuels Growth
Refineries, processors, utilities, industrial users, and export markets define Chord Energy's diverse customer base. Each segment has unique needs for crude oil, natural gas, and NGLs, creating multiple revenue streams. Understanding and meeting these demands is crucial for sustained growth. In 2024, U.S. natural gas exports reached 5.8 trillion cubic feet, demonstrating strong international demand.
| Customer Segment | Products | Key Activities |
|---|---|---|
| Refineries | Crude Oil | Purchasing and refining crude oil. |
| Processors | Natural Gas, NGLs | Refining natural gas and extracting valuable components. |
| Utilities | Natural Gas | Using natural gas for power and heating. |
Cost Structure
Drilling and Completion Costs
Drilling and completion expenses constitute a substantial part of Chord Energy's cost structure. These costs cover drilling, hydraulic fracturing, and installing production equipment. Chord Energy's focus on longer laterals and efficient drilling practices aids in cost reduction. In Q3 2024, the company reported $109.7 million in capital expenditures, including drilling and completion.
Lease Operating Expenses (LOE)
Lease Operating Expenses (LOE) cover daily well operation and upkeep. These include labor, equipment care, and chemical treatments. In 2024, Chord Energy's LOE was approximately $9.50 per barrel of oil equivalent (BOE). Effective LOE management is crucial for production profitability. Chord Energy continually optimizes LOE using new technologies and methods.
Transportation Costs
Transportation costs for Chord Energy involve moving oil, gas, and NGLs. These costs cover pipelines, trucks, and rail. In 2023, pipeline transportation expenses were significant. Reducing these costs boosts the netback price. Favorable rates and smart logistics are vital.
Administrative Expenses
Administrative expenses encompass the costs associated with managing Chord Energy's headquarters, including salaries, benefits, and office expenses. Efficiently managing these expenses is crucial for maintaining a lean and cost-effective operation. Chord Energy actively seeks ways to streamline administrative processes and reduce overhead costs. In 2024, administrative expenses accounted for approximately 5% of total operating costs. The company aims to reduce these costs by 2% by the end of 2025.
- Salaries and benefits for corporate staff.
- Office rent, utilities, and supplies.
- Legal and accounting fees.
- Insurance and other administrative services.
Depreciation and Depletion
Depreciation and depletion are crucial for Chord Energy, showing asset value decreases. These non-cash expenses reflect oil/gas reserve use and equipment wear. In 2024, such expenses were a significant part of their costs. Managing capital spending and asset use is vital for reducing these costs.
- Depletion and depreciation expenses are non-cash charges.
- Chord Energy focuses on capital expenditure management.
- Asset utilization optimization is a key strategy.
- These expenses affect overall profitability.
Chord Energy's Q3 2024 Costs: Drilling, LOE, and More
Chord Energy's cost structure includes drilling, operating, transportation, administrative, and depreciation expenses. In Q3 2024, capital expenditures, including drilling and completion, were $109.7 million. Lease Operating Expenses (LOE) in 2024 were approximately $9.50 per barrel of oil equivalent (BOE), essential for profitability.
| Cost Category | Details | 2024 Data |
|---|---|---|
| Drilling & Completion | Drilling, fracking, equipment | $109.7M (Q3) |
| Lease Operating Expenses (LOE) | Well operation, labor | $9.50/BOE |
| Administrative | HQ, salaries, services | 5% of costs |
Revenue Streams
Crude Oil Sales
Chord Energy's main income comes from selling crude oil. Revenue depends on how much oil is produced and its market price. In 2024, crude oil prices fluctuated, impacting revenues. Efficient drilling helps boost production, a focus for Chord. The company aims to increase sales by improving production and getting good prices.
Natural Gas Sales
Chord Energy's revenue stream includes natural gas sales, a critical component of its financial performance. Revenue is directly tied to production volume and market prices, with optimization of both being key. In Q3 2024, Chord produced 24.7 Mboe/d, with natural gas contributing significantly. A diversified asset base, as of late 2024, allows exposure to both oil and natural gas markets, impacting overall revenue.
NGL Sales
Chord Energy significantly profits from selling natural gas liquids (NGLs). Revenue is directly tied to how much NGL they produce and current market prices. In Q3 2024, NGL sales contributed a substantial portion to their total revenue. Strategic production optimization and securing good prices are vital for boosting NGL income. Their infrastructure, like processing facilities, helps in this process.
Hedging Activities
Chord Energy employs hedging activities to mitigate risks from fluctuating commodity prices. These strategies involve agreements to secure future prices for oil, natural gas, and NGLs. Hedging stabilizes revenue, offering more financial predictability for Chord Energy. This approach supports cash flow protection and informed capital allocation decisions.
- In Q3 2023, Chord Energy reported $50.8 million in hedging gains.
- Chord Energy's hedging program aims to cover a significant portion of its expected production.
- Hedging can reduce the impact of price volatility on the company's financial results.
- The company's hedging strategy is regularly reviewed and adjusted.
Geothermal Energy Revenue
Chord Energy can tap into geothermal energy revenue by leveraging its existing oil and gas operations. Using Gradient Geothermal's technology, they can convert waste heat into a new energy source. This strategy boosts efficiency and supports sustainability objectives, creating a novel revenue stream. This innovative approach could generate substantial financial benefits.
- Geothermal energy projects can yield significant returns, with some estimating potential revenue of millions of dollars annually, depending on the scale and efficiency of the operations.
- The conversion of waste heat into electricity can significantly reduce operational costs, potentially by up to 20%, by decreasing reliance on external energy sources.
- By 2024, the geothermal energy market is projected to have a global value exceeding $60 billion, offering a substantial market opportunity for companies like Chord Energy.
Revenue Streams: Oil, Gas, and Beyond!
Chord Energy's revenue streams are diverse, with crude oil sales being a primary source. They also generate significant income from natural gas and NGLs. Hedging strategies and geothermal energy projects further boost revenue.
| Revenue Stream | Description | Key Metrics (2024) |
|---|---|---|
| Crude Oil Sales | Income from selling produced crude oil. | Q3 Production: 121.4 Mboe/d, WTI price fluctuations. |
| Natural Gas Sales | Revenue from the sale of natural gas. | Q3 Production: 24.7 Mboe/d, price dependent. |
| NGL Sales | Revenue from selling natural gas liquids. | Significant portion of total revenue, production volume. |
| Hedging | Strategies to mitigate price volatility. | Q3 2023 hedging gains: $50.8 million, production coverage. |
| Geothermal | Revenue from waste heat conversion. | Market Value (2024): >$60B, operational cost reduction. |
Business Model Canvas Data Sources
The Chord Energy BMC relies on financial reports, market analysis, and energy sector trends. These data sources provide key insights for accurate strategy.
