HIGHBuilt-inCommodity
56%
crude oil
“10-K Item 1: 'approximately 56% of our 917.5 MMBoe estimated net proved reserves were comprised of crude oil'”
CHRD · Concentration risk · 10-K extracted
Chord Energy (CHRD) concentration risks
Updated
The most significant concentration Chord Energy discloses is crude oil at 56%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Chord Energy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Williston Basin
“10-K Item 1A: 'Substantially all of our producing properties and operations are located in the Williston Basin, making us vulnerable to risks associated with operating in a concentrated geographic area'”
MEDIUMOutside partyCounterparty
limited number of midstream providers
“10-K Item 1A: 'We depend upon a limited number of midstream providers for a large portion of our midstream services'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile stacks three interconnected exposures: a commodity tilt toward crude oil, a geographic focus on a single basin, and a midstream dependency that binds the two together. Crude oil comprised approximately 56% of the company's estimated net proved reserves — a high-share structural concentration that means revenue and cash flow are disproportionately exposed to crude price cycles relative to operators with a more balanced oil-gas mix. The character is structural because the reserve composition reflects the geology of the company's acreage rather than a discretionary positioning choice. Substantially all producing properties and operations are located in the Williston Basin, a high-share geographic concentration that the filing explicitly acknowledges creates vulnerability to risks associated with operating in a concentrated area. This regional dependency means that basin-specific regulatory changes, infrastructure constraints, or weather events carry amplified operational impact compared with a more geographically distributed operator. The midstream exposure compounds both: the company depends upon a limited number of midstream providers for a large portion of its midstream services, a medium-share dependency concentration, which means gathering, processing, and transportation access is not fully redundant. A single midstream provider's operational difficulty or contract terms could constrain production or compress netbacks. Together, these three exposures describe a company whose economics are tightly linked to crude oil prices, Williston Basin conditions, and the reliability of a limited midstream infrastructure network.
For the engine’s reasoning on CHRD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas E&P
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BKV | BKV Corporation | 4 | 0 | 0 | 4 |
| CNX | CNX Resources Corporation | 2 | 2 | 0 | 4 |
| CHRD● | Chord Energy Corporation | 2 | 1 | 0 | 3 |
| BSM | Black Stone Minerals, L.P. | 1 | 1 | 1 | 3 |
| APA | APA Corporation | 0 | 0 | 0 | 0 |
| AR | Antero Resources Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.