Chesapeake Energy – Oil & Gas 360

Chesapeake Energy and Southwestern Energy complete merger and provide third quarter earnings conference call Information, company rebranded as Expand Energy

October 1, 2024

(Oil & Gas 360) – OKLAHOMA CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy’s common stock will commence public trading on the NASDAQ under the ticker “EXE” at the open of

Chesapeake Energy Corporation and Southwestern Energy Company combination expected to close in the first week of October

September 26, 2024

Oil & Gas 360 Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under the Hart-Scott-Rodino Antitrust Improvements Act

Chesapeake Energy’s $7.8 billion Southwestern Energy acquisition delayed by FTC

April 5, 2024

World Oil (Bloomberg) – Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators. The transaction, which aims to create the largest U.S. natural gas driller, originally envisioned closing no later than the end of June. But a Federal

Chesapeake Energy to reduce Haynesville, Marcellus rig count following Southwestern natural gas megadeal

February 22, 2024

World Oil (WO) – Chesapeake Energy announced that it is lowering prior capital expenditure guidance approximately 20% to $1.25 – $1.35 billion through rig count reductions and deferring completions and turn-in-lines in its 2024 outlook report. Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). Given

Chesapeake Energy Corporation and Southwestern Energy to combine to accelerate America’s energy reach

January 11, 2024

Oil and Gas 360 OKLAHOMA CITY and SPRING, Texas, Jan. 11, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867

Southwestern, Chesapeake Energy close to merger, WSJ says

January 8, 2024

Yahoo Finance (Bloomberg) — Southwestern Energy Co., and Chesapeake Energy Corp. are close to a merger that would create a roughly $17 billion company, ranking as one of the largest natural gas producers in the US, the Wall Street Journal reported. A deal could come together as soon as next week, the newspaper said, citing people familiar with the situation.

Potential Chesapeake-Southwestern merger gains support from top investor Kimmeridge

November 20, 2023

World Oil (Bloomberg) — Kimmeridge Energy Management Co., which is among the most active and outspoken U.S. oil and gas investors, said a merger of Chesapeake Energy Corp. and Southwestern Energy Co. would create one of the industry’s most sought-after stocks. “There are only a few must-own stocks in the sector, and this would ultimately be one of them,” Mark

An acquisition that would create America’s most valuable shale gas producer

October 18, 2023

Oil Price Shale pioneer Chesapeake Energy has approached its peer Southwestern Energy for preliminary talks about a possible acquisition that would create America’s top shale gas producer by market value, Reuters reports, citing sources with knowledge of the matter. The talks are in the early stages and there are no guarantees a deal could be reached, according to Reuters’ sources.

Chesapeake Energy Corporation reports 2023 second quarter results

August 1, 2023

Oil and Gas 360 OKLAHOMA CITY, Aug. 1, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 second quarter financial and operating results. Net cash provided by operating activities of $515 million Net income of $391 million, or $2.73 per diluted share (all per share amounts stated on a diluted basis); adjusted net income(1) of $92 million, or $0.64 per share Delivered total net production of 3,653 mmcfe per

Chesapeake Energy achieves grade “A” recertification for natural gas production across Marcellus operations

July 17, 2023

World Oil (WO) – Chesapeake Energy Corporation has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 Bcf of gross natural gas per day during the first quarter of 2023. The company received a grade A under the MiQ methane emissions standard and a grade A- from Equitable Origin’s EO100 Standard

INEOS acquires Chesapeake Energy Eagle Ford shale assets for $1.4 billion

May 3, 2023

World Oil (WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells, producing net 36,000 boed. The acquisition, which includes production

Chesapeake Energy Corporation reports 2023 first quarter results

May 3, 2023

Oil and Gas 360 OKLAHOMA CITY, May 2, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 first quarter financial and operating results. Net cash provided by operating activities of $889 million Net income totaled $1,389 million, or $9.60 per diluted share; adjusted net income(1) totaling $270 million, or $1.87 per diluted share Delivered adjusted EBITDAX(1) of $774 million and $241 million in adjusted free cash flow(1) Announced total quarterly dividend of $1.18 per common

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