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 […]
SilverBow Resources, Inc. (NYSE: SBOW) announced the closing of a major acquisition, purchasing Chesapeake Energy Corporation’s (NASDAQ:CHK) oil and gas assets in South Texas. The deal, valued at $700 million, includes a $650 million upfront cash payment and an additional $50 million deferred cash payment, subject to customary adjustments. This strategic move, known as the […]
SilverBow Resources, Inc. (NYSE: SBOW) has officially inked an agreement to procure the oil and gas assets located in South Texas from Chesapeake Energy Corporation (NASDAQ:CHK). The deal is solidified at a comprehensive purchase price of $700 million. This amount includes an immediate upfront cash payment of $650 million due upon the deal’s closure and […]
INEOS Energy will acquire a part of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion as part of its strategy to build a global integrated portfolio. The acquisition of the US assets marks INEOS Energy’s entry as operator into the US onshore oil and gas market. Under […]