Form SD - Specialized disclosure report
September 24 2024 - 4:11PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________________
FORM SD
____________________________________________________________________
SPECIALIZED DISCLOSURE REPORT
____________________________________________________________________
CHORD ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
____________________________________________________________________
| | | | | | | | | | | | | | |
| | | | |
Delaware | | 001-34776 | | 80-0554627 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | | | | | | |
| | |
1001 Fannin Street, Suite 1500 | | |
Houston, Texas | | 77002 |
(Address of principal executive offices) | | (Zip Code) |
Lara Kroll
Vice President, Accounting
(281) 404-9500
(Name and telephone number, including area code, of the person to contact in connection with this report.)
____________________________________________________________________
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
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| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, _____. |
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| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. |
Section 2 — Resource Extraction Issuer Disclosure
Item 2.01. Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
The specified payment disclosure required by this Form is included as Exhibit 99.1 to this Specialized Disclosure Report on Form SD.
Section 3 — Exhibits
Item 3.01. Exhibits | | | | | | | | |
| | |
Exhibit No. | | Description of Exhibit |
| | |
| | Resource Extraction Payment Report as required by Item 2.01 of this Form. |
| | |
104 | | Interactive Data File (Form SD for the year ended December 31, 2023 filed in XBRL). |
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| | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
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| | | | | |
| | | | CHORD ENERGY CORPORATION (Registrant) |
| | | |
Date: September 24, 2024 | | | | By: | /s/ Richard N. Robuck |
| | | | | Richard N. Robuck |
| | | | | Executive Vice President and Chief Financial Officer
|
Exhibit 99.1
Chord Energy Corporation
Resource Extraction Payment Report
For the Year Ended December 31, 2023
The table below sets forth payments made by Chord Energy Corporation (the “Company”) to the U.S. Federal Government during the fiscal year ended December 31, 2023 for the purpose of the commercial development of oil and natural gas. During the year ended December 31, 2023,the Company made no payments to foreign governments for the purpose of the commercial development of oil and natural gas. All of the Company's operations relate to projects in North Dakota and Montana, which include the commercial development of oil and natural gas using wells located in the Williston Basin of the United States. During the year ended December 31, 2023, all payments listed in the table below were made in U.S. dollars and to the U.S. Federal Government.
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For the year ended December 31, 2023 |
| | Payment type | | Subnational political jurisdiction | | Government | | Business segment | | Project | | Resource | | Method of extraction | | Amount (in thousands) |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
United States | | | | | | | | | | | | | | | | |
| | Taxes | | — | | U.S. Federal Government | | Crude oil, NGL’s and natural gas | | (1) | | — | | — | | $ | 15,000 | |
| | Royalties | | North Dakota | | U.S. Federal Government | | Crude oil, NGL’s and natural gas | | North Dakota | | Oil and natural gas | | Wells | | 47,353 | |
| | Royalties | | Montana | | U.S. Federal Government | | Crude oil, NGL’s and natural gas | | Montana | | Oil and natural gas | | Wells | | 515 | |
| | Total Royalties | | — | | U.S. Federal Government | | Crude oil, NGL’s and natural gas | | — | | Oil and natural gas | | Wells | | $ | 47,868 | |
| | Fees | | North Dakota | | U.S. Federal Government | | Crude oil, NGL’s and natural gas | | North Dakota | | Oil and natural gas | | Wells | | $ | 327 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
Total | | | | | | | | | | | | | | | | $ | 63,195 | |
_____________________
(1)The Company files a consolidated income tax return in the U.S., which includes all U.S. entities, including those that own and operate the two projects listed. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. Accordingly, and in accordance with Instruction 4 to Item 2.01 of Form SD, the Company has disclosed payments of taxes at the U.S. consolidated group level. The payments relate not to particular projects but to the consolidated U.S. income of the Company.
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v3.24.3
Payments, by Category - USD ($) $ in Thousands |
Taxes |
Royalties |
Fees |
Total Payments |
Total |
$ 15,000
|
$ 47,868
|
$ 327
|
$ 63,195
|
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v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
|
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
Resource |
Segment |
Ext. Method |
#: 1 |
|
|
|
|
|
|
|
|
|
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$ 15,000,000
|
Taxes
|
UNITED STATES
|
|
U.S. Federal Government [Member]
|
Williston Basin [Member]
|
Oil and Natural Gas Wells [Member]
|
Crude Oil, NGL’s and Natural Gas [Member]
|
Well
|
#: 3 |
|
|
|
|
|
|
|
|
|
|
327,490
|
Fees
|
UNITED STATES
|
|
U.S. Federal Government [Member]
|
North Dakota [Member]
|
Oil and Natural Gas Wells [Member]
|
Crude Oil, NGL’s and Natural Gas [Member]
|
Well
|
#: 4 |
|
|
|
|
|
|
|
|
|
|
515,449
|
Royalties
|
UNITED STATES
|
snj:US-MT
|
U.S. Federal Government [Member]
|
Montana [Member]
|
Oil and Natural Gas Wells [Member]
|
Crude Oil, NGL’s and Natural Gas [Member]
|
Well
|
#: 5 |
|
|
|
|
|
|
|
|
|
|
$ 47,353,386
|
Royalties
|
UNITED STATES
|
snj:US-ND
|
U.S. Federal Government [Member]
|
North Dakota [Member]
|
Oil and Natural Gas Wells [Member]
|
Crude Oil, NGL’s and Natural Gas [Member]
|
Well
|
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