Deal Insight
Chesapeake buys Marcellus position from Chief and Tug Hill for US$2.65bn
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 25 January, Chesapeake announced its second multi-billion-dollar deal in the past six months - this time in the Marcellus.The company has wasted no time getting back to its deal-making roots since emerging from Chapter 11 early last year. Chesapeake acquired Vine Energy in August 2021 propelling it to the leading Haynesville position (now 2nd after the Southwestern - GEP deal). Now, with the acquisition of offset private operator Chief E&D Holdings in Northeast PA, Chesapeake becomes the 5th largest producer in the Marcellus.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Chesapeake
- Chief Oil and Gas
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Chesapeake and Chief Marcells type curves
- 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:
