Deal Insight
Chesapeake and Southwestern merge in all-stock transaction
Report summary
The combination of Chesapeake Energy (CHK) and Southwestern Energy (SWN) will create the largest US natural gas company, leapfrogging long-leading EQT. Pro-forma, the company will produce a whopping 7.9 bcfd split between the Haynesville (42%) and Marcellus (58%). This positions it as one of the largest gas producers in global upstream too, just behind the Majors but still trailing some NOCs.But it's not just about getting bigger.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 14 images and tables including:
- Executive summary: Table 1
- Pennsylvania leasehold by operator
- Ohio and West Virginia leasehold by operator
- Pennsylvania Marcellus well results (2021 - 2023)
- Haynesville leasehold by operator
- Haynesville well results (2021 - 2023)
- Bossier well results (2021 - 2023)
- Existing CHK and SWN inventory by reservoir (US$3.15 HH; 15% IRR)
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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