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
Chesapeake Energy said this week it recorded the fastest drilling program performance of all-time in its operations in the Marcellus play.
Chesapeake’s talks with Southwestern are preliminary, Reuters reported on Wednesday, referring to anonymous sources who did not wish to be named.
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion.
Chesapeake expects to drill 30 to 40 wells and place 40 to 50 wells on production in the third quarter of 2023. The company’s operating plan remains flexible and is prepared for further adjustments based on market conditions.
Chesapeake Energy total expected capital expenditures of $1.765 – $1.835 billion and produced approximately 4.05 bcfe/d net (90% natural gas)
Headquartered in Oklahoma City, Chesapeake Energy ranks #21 in wells drilled in 2022 with 104 wells drilled in the Mid Continent of the US. Counties Caddo Parish LA, De Soto Parish LA, Webb County, TX, La Salle County, TX, Dimmit County, TX
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I LLC for $1.425 billion.
