Chesapeake Energy, Southwestern Energy combining in $7 4 billion deal apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Two sizable natural gas producers, Chesapeake Energy Corp. and Southwestern Energy Co., on Thursday announced they will merge in a $7.4 billion deal aimed at capitalizing on America's record natural gas production.
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Chesapeake Energy agreed to purchase Southwestern Energy in a $7.4 billion all-stock deal, a merger that will cement their joint status as the nation's largest natural gas producer at a time when U.S. production and export capacity is soaring to record new highs.