HOUSTON, Sept. 13,
2023 /PRNewswire/ -- Chord Energy Corporation
(NASDAQ: CHRD) ("Chord" or the "Company") today announced the
release of its 2022 Sustainability Report, which highlights Chord's
commitment to environmental stewardship, social responsibility and
corporate governance. The 2022 Sustainability Report is Chord's
inaugural sustainability report following the combination of Oasis
Petroleum Inc. and Whiting Petroleum Corporation in a merger of
equals on July 1, 2022. The report is
available on the Company's website at
www.chordenergy.com/sustainability.
"Last year marked a pivotal year for our organization as we
joined together two premier operators in the Williston Basin
to form Chord Energy," said Danny
Brown, Chord Energy's President and Chief Executive Officer.
"We are pleased to share with our stakeholders Chord's 2022
Sustainability Report, which reflects our commitment to delivering
affordable and reliable energy in a sustainable and responsible
manner. Our goal with this report is to provide transparent and
authentic information about Chord's ESG progress, including our
focus areas of emissions reductions, workforce health and safety,
and corporate governance. We welcome feedback from our stakeholders
on our progress and look forward to building upon our ESG efforts
to shape an even stronger future for Chord and the communities we
serve."
Highlights from Chord's 2022 Sustainability Report include:
Environmental Stewardship
- 53% decrease in operated Scope 1 GHG emissions intensity in
2022 since 2019
- 47% decrease in operated Scope 1 methane emissions intensity in
2022 since 2019
- Alignment with the World Bank Zero Routine Flaring
initiative
Social Responsibility
- 47% year-over-year reduction in the Total Recordable
Incident Rate (TRIR) as compared to 2021
- 14% year-over-year reduction in the Preventable Vehicle
Incident Rate as compared to 2021
Corporate Governance
- 80% of directors are independent
- 50% of directors are women
The contents of the 2022 Sustainability Report were informed by
our stakeholders and guided by various frameworks, including the
Task Force on Climate-related Financial Disclosures (TCFD), the
Sustainability Accounting Standards Board's (SASB) Extractives
& Minerals Processing Sector: Oil & Gas – Exploration &
Production Standard, the Global Reporting Initiative (GRI) Standard
for Oil & Gas, and the American Exploration and Production
Council (AXPC) ESG Metrics Framework.
About Chord Energy
Chord Energy Corporation is an independent exploration and
production company with quality and sustainable long-lived assets
in the Williston Basin. The Company is uniquely positioned with a
best-in-class balance sheet and is focused on rigorous capital
discipline and generating free cash flow by operating efficiently,
safely and responsibly to develop its unconventional onshore
oil-rich resources in the continental United States. For more information, please
visit the Company's website at www.chordenergy.com.
Forward-Looking Statements
This press release may include certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such forward-looking statements are subject to
a variety of known and unknown risks, uncertainties and other
factors that are difficult to predict and many of which are beyond
management's control. These risks and assumptions are described in
the Company's annual reports on Form 10-K and other reports that
are available from the United States Securities and Exchange
Commission ("SEC"). Readers are cautioned not to place undue
reliance on forward-looking statements, which reflect management's
view only as of the date made.
Any forward-looking statement speaks only as of the date on
which such statement is made and Chord undertakes no obligation to
correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
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SOURCE Chord Energy Corp.