An Acquisition That Would Create America's Most Valuable Shale Gas Producer

Shale pioneer Chesapeake Energy has approached its peer Southwestern Energy for preliminary talks about a possible acquisition that would create America’s top shale gas producer by market value, Reuters reports, citing sources with knowledge of the matter. The talks are in the early stages and there are no guarantees a deal could be reached, according to Reuters’ sources.

A potential tie-up between Chesapeake Energy and Southwestern Energy would create the largest natural gas-focused producer in the shale patch by market valuation, ahead of the current leader EQT Corporation. This year the U.S. shale industry has been looking to boost scale, efficiencies, and returns to shareholders by adding additional acreage. Just last week, ExxonMobil announced a blockbuster deal to buy Pioneer Natural Resources in an all-stock transaction valued at $59.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chickerell battery storage proposals 'a clear danger'Developer Statera Energy says the facility is essential infrastructure for renewable energy.
Source: BBCScienceNews - 🏆 87. / 53 Read more »

Nine million households left with no energy credit for winterMany who were previously in arrears have reported their debt increasing over the past year
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Full list of suppliers taking part in the energy discount schemeDozens of energy suppliers are taking part in this year's Warm Home Discount Scheme
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Millions of households to be told they'll get £150 off energy bills this winterHouseholds could get up to £150 taken off their energy bills in the coming months
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Household energy debt at 'five-year high with average arrears of £216' ahead of winterA report urges anyone who has fallen behind with their payments to contact their supplier amid forecasts that bills will rise further from January.
Source: SkyNews - 🏆 35. / 67 Read more »