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Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern

January 16, 2024

Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern

January 11, 2024

Chesapeake Energy (CHK.O), agreed to buy smaller rival Southwestern Energy (SWN.N), in an all-stock transaction valued at $7.4 billion, a deal that will make it the largest independent U.S. natural gas producer.

The deal disclosed on Thursday is a bet natural gas prices will stay off the multi-year lows they touched last year as demand from proposed new U.S. liquefied natural gas (LNG) export terminals jumps in 2025.

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