Chesapeake's Vine Buy Could Draw More E&Ps Into Haynesville

摘要

Invigorated by a debt-slashing bankruptcy restructuring, Chesapeake Energy has staked a claim as the key consolidator in the Haynesville Shale, snatching up Vine Energy in a cash and stock deal valued at $2.2 billion. The move could lead to more Appalachian producers wanting to move into the Haynesville, as Southwestern Energy did with its recent $2.7 billion Indigo buyout, Enverus M&A analyst Andrew Dittmar told Energy Intelligence (NGW Jun.7'21). And in the competition for reasoned growth, it only makes sense that Appalachian producers would want gas exposure to a different pricing point with different differentials.