The U.S. shale industry is expected to continue its consolidation trend in 2024, following significant mergers and acquisitions in 2023, with large firms acquiring smaller producers in the Permian Basin.
The past 15 years have been a long and winding road for Chesapeake Energy, one that included an effort to shift from a pure natural gas play to a more oily portfolio, .
The valuation looks attractive with Callon being acquired around the value of its existing production without paying a meaningful amount for the undevelop.