Oil and Gas A&D Trends: Giddy or Giddy Up?

Chesapeake Energy’s recent vibe, to put a word to it, has been decidedly bubbly.

(Source: Hart Energy; Chesapeake Energy image by Casimiro PT / Shutterstock.com)

[Editor's note: A version of this story appears in the March 2022 issue of Oil and Gas Investor magazine.]

Chesapeake Energy Corp.’s recent vibe, to put a word to it, has been decidedly bubbly.

Perhaps it’s the Jan. 25 announcement that the company would purchase Chief Oil & Gas while simultaneously offloading its Powder River Basin assets to Continental Resources Inc. With the stroke of a pen, or maybe it was a quill, the company ignited about $3 billion in deals that briefly sent the company’s stock 5% higher in trading.

Maybe it’s the presence of Mike Wichterich, executive chairman, who held a tongue-in-cheek NAPE keynote under the pretext he was precluded from speaking about Chesapeake. Probably safest to keep Wichterich away from the PA system altogether.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.