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Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas...
"Chesapeake is committed to maintaining an investment grade balance sheet following the acquisition, and an investment grade capital structure is integral to Chesapeake's strategy as it looks to enter into long-term LNG supply agreements for up to 20% of its production, which would allow for higher international pricing." "However, international contracts would expose Chesapeake to fixed charges that may be burdensome in periods with low differentials between Henry Hub and overseas LNG markets." "From the production side, the merger could lead to more efficient ...
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The U.S. has defied expectations with a significant increase in oil production, challenging OPEC's influence on the global oil market.