Chord Energy Corp

16. Commitments and Contingencies

Included below is a discussion of various future commitments of the Company as of March 31, 2026. The commitments under these arrangements are not recorded in the accompanying Condensed Consolidated Balance Sheets. The amounts disclosed represent undiscounted cash flows on a gross basis and no inflation elements have been applied. As of March 31, 2026, the Company’s material off-balance sheet arrangements and transactions include $32.6 million in outstanding letters of credit issued under the Credit Facility and $114.8 million in net surety bond exposure issued as financial assurance on certain agreements.

Volume commitment agreements. As of March 31, 2026, the Company had certain agreements with an aggregate requirement to deliver, transport or purchase a minimum quantity of approximately 76.7 MMBbl of crude oil,10.0 MMBbl of NGL,302.1 Bcf of natural gas and 12.0 MMBbl of water within specified timeframes.

As of March 31, 2026, the estimable future commitments under these volume commitment agreements are as follows:

The future commitments under certain agreements cannot be estimated and are therefore excluded from the table above as they are based on fixed differentials relative to a commodity index price under the agreements as compared to the differential relative to a commodity index price for the production month.

The Company enters into long-term contracts to provide production flow assurance in oversupplied areas with limited infrastructure, which provides for optimization of transportation and processing costs. As properties are undergoing development activities, the Company may experience temporary delivery or transportation shortfalls until production volumes grow to meet or exceed the minimum volume commitments. The Company recognizes any monthly deficiency payments in the period in which the under delivery takes place and the related liability has been incurred. The table above does not include any such deficiency payments that may be incurred under the Company’s physical delivery contracts, since it cannot be predicted with accuracy the amount and timing of any such penalties incurred.

As of March 31, 2026, there have been no material changes to the Company’s contingencies disclosed in Note 20—Commitments and Contingencies in the 2025 Annual Report.