Chesapeake Energy to buy Southwestern Energy in $7.4 Billion All-Stock Deal

Chesapeake Energy (CHK) and Southwestern Energy (SWN) announced Thursday they will merge to form what will likely be the largest U.S. natural gas producer. CHK is currently the second-largest U.S. independent natural gas-focused exploration and production company behind EQT Corp in market value and output. The CHK/SWN agreement to merge is in an all-stock deal valued at $7.4 billion at $6.69/share, forming a company with an enterprise value of ~$24 billion. Under the deal terms, Southwestern shareholders will receive a … Continue reading “Chesapeake Energy to buy Southwestern Energy in $7.4 Billion All-Stock Deal”

US Energy Producers Facing $5 to 10 Billion in Hedging Losses Due To Soaring Natural Gas Prices

The soaring natural gas prices have led to massive hedging losses a report by consultancy Rystad Energy shows at current prices of Henry Hub. The significant rise in hedged volume since the second quarter of 2021 was primarily driven by operators including Southwestern $SWN, Chesapeake $CHK, Range Resources $RRC and Comstock Resources $CRK. The Rystad analysis focus is on a peer group of shale-gas-focused producers that accounts for 35% of unconventional gas production and about 53% of shale gas production … Continue reading “US Energy Producers Facing $5 to 10 Billion in Hedging Losses Due To Soaring Natural Gas Prices”

Chesapeake Energy Issues Going Concern Notice On Low Oil and Natural Gas Prices

Chesapeake Energy reported worse than expected earnings before the market opened Tuesday and also issued a going concern notice warning of failure if low energy proces persist. The stock hit the lowest prices since Feb 4, 1999, over 20 years, to 79c the next day.

Chesapeake Energy Hits 20 Year Lows on Debt Load and Natural Gas Concerns

Chesapeake Energy reported better than expected earnings before the market opened Tuesday initially seeing $CHK pop 6% but it quickly reversed to be down 11% near 20 year lows on worries about debt and collapsed natural gas prices.  

Shale Producers Earnings Expected To Soar With Oil at Four Year Highs

Big Oil earnings delivered big profits from soaring oil and gas revenues. Energy earnings pick up with a slew of Shale names reporting. This week we have  $EOG $DVN $CXO $PE $PXD $FRAC $NBL $ECA $BP $APC $CLR $MTDR $PDCE $MRO $SRCI $CHK

Highlights of Oil & Gas Energy Earnings Reports This Week

Another big energy company earnings this week including shale plays $FANG $EOG and $DVN, offshore drillers $DO and $RIG, Independents $MRO and $APA and Natural gas $CHK. Catch up on all the energy earnings you  may have missed.