Chesapeake Energy to Merge With Southwestern Energy in $7.4B Deal (Expand Energy)

SilverBow Resources Acquires Chesapeake's South Texas Assets

November 30, 2023

Oil & Gas

SilverBow Resources, Inc. closed the acquisition of Chesapeake Energy Corporation's oil and gas assets in South Texas for a $700 million purchase price (comprised of $650 million at closing and $50 million deferred), with up to $50 million of contingent consideration based on future commodity prices. The deal significantly increases SilverBow's acreage and production scale in the Eagle Ford, expanding the company's drilling inventory and transforming it into the largest public pure-play Eagle Ford operator.

Chesapeake Energy Completes Acquisition of Vine Energy Inc.

November 1, 2021

Energy

Chesapeake Energy Corporation completed its previously announced acquisition of Vine Energy Inc., with Vine stockholders receiving 0.2486 shares of Chesapeake common stock plus $1.20 in cash per Vine share. The deal strengthens Chesapeake's position in the Haynesville Shale by adding more than 900 drilling locations and is expected to improve free cash flow and accelerate returns to Chesapeake shareholders.

Devon Energy to Merge with Coterra Energy in $21.4B All-Stock Deal

January 31, 2026

Oil & Gas

Devon Energy and Coterra Energy have signed a definitive all-stock agreement to merge, creating a premier Delaware Basin–anchored shale operator. The deal will exchange 0.70 shares of Devon common stock for each share of Coterra, and is expected to close in the second quarter of 2026 subject to regulatory and shareholder approvals.

Southwestern Energy Acquires GEP Haynesville LLC

December 31, 2021

Oil & Gas

Southwestern Energy Company has closed the acquisition of GEP Haynesville, LLC, expanding its scale and inventory in the Haynesville natural gas basin. The deal was funded in part by a $1.15 billion senior notes offering and a $550 million institutional term loan and is expected to strengthen Southwestern's financial metrics and presence in premier U.S. gas basins.

ExxonMobil Merges With Pioneer Natural Resources in a $59.5 Billion Deal

October 12, 2023

Oil & Gas

ExxonMobil and Pioneer Natural Resources announced a merger valued at $59.5 billion. The combination brings together Pioneer’s contiguous Midland Basin acreage with ExxonMobil’s Delaware and Midland Basin portfolio to strengthen U.S. unconventional scale and increase Permian production potential.

Southwestern Energy Acquires Indigo Natural Resources for ~$2.7B

September 1, 2021

Energy

Southwestern Energy Company agreed to acquire Haynesville-focused Indigo Natural Resources, LLC for approximately $2.7 billion in a transaction comprised of cash, stock and assumed debt. The acquisition adds high-margin dry gas assets and inventory in the Haynesville play, expands Southwestern's access to Gulf Coast LNG markets and accelerates free cash flow and deleveraging targets.