Chord Energy Corp

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

Chord Energy Corporation

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Dear Shareholders,

Building on a strong 2024, Chord enters 2025 positioned for future success. Through a series of transactions over the past four years, Chord has built a leading position in the Williston basin and leveraged best practices to drive strong improvements in operational efficiency and financial returns. Throughout 2024, the Chord team worked diligently to integrate the Enerplus assets, drive synergy capture, and enhance capital efficiency. The combination has made Chord a more efficient and resilient company with enhanced investor relevance.

Chord’s focus on technological innovation has been a key driver of the Company’s strong results and sustainability of its deep, low-cost inventory. This technical expertise is being applied to Enerplus’ core assets to drive stronger returns, specifically with the application of wider spacing and longer laterals. Progress on longer laterals has been compelling with Chord consistently achieving 100% productivity for the third mile. Additionally, the Company drilled its first four-mile well in 2024 which, if successful, could pave the way for further efficiency improvements. The aforementioned achievements led Chord to unveil the first multi-year outlook in Company history which reflects stable volumes through 2027 at lower levels of capital than pro forma 2024. Our compelling outlook reflects strong operational execution and solid inventory depth along with the capture of over $200 million of synergies from the combination with Enerplus.

Selective M&A and operational improvements have driven strong financial returns to our shareholders. Over the past several years, Chord has consistently paid out 75% or more of its free cash generation resulting in billions of dividends and share repurchases. Importantly, Chord’s balance sheet remains best-in-class which supports resiliency and preserves strategic optionality. Going forward, the Company will continue to maximize sustainable and efficient free cash flow generation with a focus on shareholder returns.

Chord is proud of our contribution to civilization by providing affordable and reliable energy upon which every aspect of the economy and modern living is dependent. We do this while maintaining a commitment to operating in a sustainable and responsible manner in the communities we serve. On this front, Chord continues to make progress on our sustainability initiatives with a focus on safety first, minimizing our environmental impact, and promoting an inclusive, merit-based based culture.

Finally, employees remain at the center of Chord’s success and are a key component of everything we’ve accomplished so far. Our outstanding talent centers around a culture of continuous improvement, the results of which can be seen in our performance.

As we look forward, Chord will remain committed to its core values which have put the Company in a strong position to succeed. We would appreciate your vote in support of the items described in the accompanying proxy statement.

Sincerely,

Daniel E. Brown

President and Chief Executive Officer

“Through a series of transactions over the past four years, Chord has built a leading position in the Williston basin and leveraged best practices to drive strong improvements in operational efficiency and financial returns.”

Dear Shareholders,

2024 was a transformational year for our organization, as we solidified our leading position in the Williston Basin by combining with another basin leader, Enerplus Corporation. The Company continues to execute well and generate strong returns which supported another year of robust shareholder distributions. The successful integration of Enerplus and continued execution led Chord to unveil the first multi-year outlook in Company history, which anticipates maintaining volumes while spending less capital through 2027.

Operating results were outstanding in 2024 including raising volume guidance twice while lowering capital spending and managing costs well. In 2024, on a pro forma basis, Chord returned $944 million to shareholders, which represents a compelling 13% of the Company’s year-end market capitalization.

The macro environment remains cyclical and uncertain, but we believe oil and natural gas will be essential components of the energy mix for the foreseeable future. Chord will remain focused on the things it can control that are likely to drive success through business and commodity cycles. The Company is well positioned with a disciplined investment framework, deep inventory with attractive returns, a strong execution track record, flexible balance sheet and culture of continuous improvement.

Effective corporate governance remains at the center of Chord’s success. The board strives to align management and shareholder incentives while achieving the strategic goals of the organization and benefiting employees and other stakeholders. Our board is short-tenured and comprised of industry experts with significant experience working with major shareholders and investors. We value our owners’ perspective and regularly seek feedback from our shareholders through our annual outreach program.

We are committed to being a responsible producer and good stewards of our environment, as we believe both contribute to better corporate performance. The Company has a multi-year track record of improving environmental and safety performance. Chord operates with a culture of integrity and provides transparency into its operations. Along these lines, we expect to update our sustainability progress and initiatives in 2025 and will incorporate Enerplus’ performance into our Sustainability Report.

We are excited about Chord’s progress in 2024 and believe the company is well positioned to continue to create and deliver value for our stakeholders. We look forward to building on the Company’s success in 2025 and beyond.

On behalf of the Board, thank you for your investment and continued support.

Sincerely,

Susan M. Cunningham

Board Chair

"The board strives to align management and shareholder incentives while achieving the strategic goals of the organization and benefiting employees and other stakeholders."

Notice of Annual Meeting of Shareholders