Southwestern 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.

Southwestern Energy announces first quarter 2023 results

April 28, 2023

Oil and Gas 360 Disciplined capital allocation and commitment to debt reduction SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the first quarter ended March 31, 2023. Generated $1.1 billion net cash provided by operating activities, $1.9 billion net income and $346 million adjusted net income (non-GAAP) – Adjusted EBITDA (non-GAAP) of $799 million and

Southwestern Energy announces $1 Billion share repurchase program

June 21, 2022

Oil and Gas 360 06/21/2022- Complements continued debt repayment within its comprehensive capital allocation strategy SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (“SWN or the “Company”) (NYSE: SWN) today announced that its Board of Directors authorized a share repurchase program. Key Highlights: Authorization for up to $1 billion of share repurchases through the end of 2023 Continued prioritization of debt

Southwestern Energy, Uniper execute supply agreement for RSG

June 14, 2022

Southwestern Energy 06/14/2022 – Multi-year agreement to provide certified low-methane emission U.S. natural gas for domestic and international markets. SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (NYSE: SWN), the largest dual-basin natural gas producer in the U.S., today announced a multi-year, certified Responsibly Sourced Gas (RSG) sales agreement to the North American subsidiary of Uniper, one of Germany’s largest publicly listed

Southwestern Energy to acquire GEP Haynesville for $1.8 billion

November 5, 2021

World Oil SPRING, TX – Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions. “This strategic move positions Southwestern as the

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