Chesapeake Energy pounces on Haynesville
The recently bankrupt gas producer has splashed the cash on a merger that will significantly boost its stake in the southern play
US gas heavyweight Chesapeake Energy may have only recently emerged from Chapter 11, but the company’s $2.2bn merger with Haynesville-focused operator Vine Energy shows bullish confidence in the basin’s commercial prospects. The acquisition transforms Chesapeake into the Haynesville dry gas basin’s largest producer. The company’s footprint in the play is set to increase by c.55pc, and net daily production by 198pc. The bulk of Vine’s portfolio sits close to Chesapeake’s acreage in the De Soto parish of northwest Louisiana. “The position that it gives us around the marketing of gas and the proximity to LNG is a really significant competitive advantage” Dell’Osso, Chesapeake Chesapea

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio