Chesapeake Energy and Southwestern Energy announced today that they have entered into a merger agreement in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake s.
By combining high-quality, large-scale acreage in Appalachia and Haynesville, the pro forma company has current net natural gas production of approximately 7.9 Bcfd, with more than 5,000 gross locations and 15 years of inventory.
Chesapeake Energy and Southwestern Energy to combine to accelerate America's energy reach energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.