Chesapeake Energy Mergers and Acquisitions Summary

Oil/gas ExplorationCompany

Chesapeake Energy has acquired 13 companies, including 2 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 9 assets.

Chesapeake Energy’s largest acquisition to date was in 2018, when it acquired WildHorse Resource Development for $4.0B. It’s largest disclosed sale occurred in 2011, when it sold Fayetteville Shale assets - BHP Billiton to BHP Billiton for $4.8B. Chesapeake Energy has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (91%) and energy services and equipment (10%).

Join Mergr and gain access to Chesapeake Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity11
    • M&A Sell Activity9
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 6

Chesapeake Energy

Chesapeake Energy Corp.

6100 North Western Avenue,
Oklahoma City, Oklahoma 73118
United States,
(405) 848-8000
www.chk.com

Chesapeake Energy is a producer of natural gas and the 12th major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was founded in 1989 and is based in Oklahoma City, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 9 - 1 - - 1 11
vol $3.5B $4.0B $2.2B $9.7B
Sell (0.2/yr) # 8 - 1 - - - 9
vol $7.5B $7.5B
  20

Most Recent M&A

Company Date Value Type
Vine Energy, Inc. 2021-08-11 2.2B USD Add-on Acquisition
Plano, Texas · www.vineenergy.com
MidCon Compression LLC 2018-10-31 - Divestiture
Oklahoma City,, Oklahoma
WildHorse Resource Development Corp. 2018-10-30 4.0B USD Add-on Acquisition
Houston, Texas · www.wildhorserd.com
Chesapeake Energy - Royalty Portfolio 2016-02-23 128M USD Divestiture
, United States
Chesapeake Energy Corp - Crude Oil Trucking Assets 2014-06-24 - Divestiture
Oklahoma City, Oklahoma
Twin Eagle Resource Management LLC 2014-03-19 - Stake Purchase
Houston, Texas · www.twineagle.com
Chesapeake Energy - Mississippi Lime Midstream Assets 2013-08-01 300M USD Divestiture
, Mississippi
Chesapeake Marcellus Acreage and Wells 2013-05-03 113M USD Divestiture
, Pennsylvania
Chesapeake Midstream Operating, L.L.C. 2012-12-11 2.2B USD Divestiture
Oklahoma City, Oklahoma
Delaware Basin Acreage 2012-09-12 - Divestiture
, New Mexico
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Chesapeake Pharmaceutical and Healthcare Packaging    - Cortegra Group, Inc. 2011-09-01 1
Fairfield, New Jersey · www.chesapeakecorp.com Fairfield, VIC, New Jersey · www.traex.com

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 10 (91%) 9.4B (97%) 6 (67%) 7.5B (100%)
Energy Services and Equipment 1 (9%) 315M (3%) 3 (33%) -
Total 11 $9.7B 9 $7.5B

By Geo

State/Country Buy Value Sell Value
United States 11 9.7B 9 7.5B
  Texas 8 7.2B 1 -
  Oklahoma 1 315M 4 6.9B
  West Virginia 2 2.2B - -
  Pennsylvania - - 1 113M
  New Mexico - - 1 -
  Mississippi - - 1 300M
Total 11 $9.7B 9 $7.5B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
J.P. Morgan Securities LLC
1
Jefferies LLC
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
2
Richards, Layton & Finger PA
1
Latham & Watkins
1

Deal Values

buy # Total
> $1B 3 $8.4B
$100M to $1B 4 $1.3B
TOTAL $9.7B
Largest WildHorse Resource Development Corp.
$4.0B (2018-10-30)
sell # Total
> $1B 2 $6.9B
$100M to $1B 3 $541M
TOTAL $7.5B
Largest Fayetteville Shale assets - BHP Billiton Ltd.
$4.8B (2011-02-22)

M&A Connections

Deals
Acquired from
Investor(s)
82%
9 (82%)
Divested to
Investor(s)
11%
1 (11%)
Strategic(s)
89%
8 (89%)

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