Chesapeake Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Chesapeake Energy M&A Summary

Chesapeake Energy has acquired 14 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 2024, when it acquired Southwestern Energy for $7.4B. 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 (92%) and energy services and equipment (9%).

Chesapeake Energy Business Overview

Where is Chesapeake Energy headquartered?

Chesapeake Energy is headquartered in Oklahoma City, Oklahoma.

What is Chesapeake Energy’s revenue?

Chesapeake Energy disclosed revenue of 11,443M USD for 2022 and 5,210M USD for 2020.

How many employees does Chesapeake Energy have?

Chesapeake Energy has 1,200 employees.

What sector is Chesapeake Energy in?

Chesapeake Energy is an oil/gas exploration company.

When was Chesapeake Energy founded?

Chesapeake Energy was founded in 1989.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity12
    • M&A Sell Activity9
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15
  • M&A Advisors 8

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 incorporated in 1989 and is based in Oklahoma City, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 10 - 1 - - 1 12
vol $7.5B $2.2B $7.4B $17.1B
Sell (0.0/yr) # 9 - - - - - 9
vol $7.5B $7.5B
  21

Most Recent M&A

Company Date Value Type
Southwestern Energy Co. 2024-01-11 7.4B USD Merger
Spring, Texas · www.swn.com
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 Sale
Spring, 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
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 11 (92%) 16.8B (98%) 6 (67%) 7.5B (100%)
Energy Services and Equipment 1 (8%) 315M (2%) 3 (33%) -
Total 12 $17.1B 9 $7.5B

By Geo

State/Country Buy Value Sell Value
United States 12 17.1B 9 7.5B
  Texas 9 14.6B 1 -
  Oklahoma 1 315M 4 6.9B
  West Virginia 2 2.2B - -
  Pennsylvania - - 1 113M
  New Mexico - - 1 -
  Mississippi - - 1 300M
Total 12 $17.1B 9 $7.5B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
Morgan Stanley
1
Evercore Group
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
3
Latham & Watkins
2
Richards, Layton & Finger PA
1

Deal Values

buy # Total
> $1B 4 $15.8B
$100M to $1B 4 $1.3B
TOTAL $17.1B
Largest Southwestern Energy Co.
$7.4B (2024-01-11)
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)
75%
9 (75%)
Divested to
Investor(s)
11%
1 (11%)
Strategic(s)
89%
8 (89%)

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