In a major shake-up in the energy industry, Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) have announced a groundbreaking merger in an all-stock transaction valued at $7.4 billion. The deal, based on Chesapeake’s closing price on January 10, 2024, of $6.69 per share, signifies a strategic union in the natural gas […]
Southwestern Energy Company has agreed to acquire rival Texas-based oil and gas Montage Resources Corporation in an all-stock deal. Montage Resources, which is presently focused on the Utica and Marcellus Shales of Southeast Ohio, West Virginia and North Central Pennsylvania, has nearly 195,000 net effective core undeveloped acres. The company was created following a merger […]
