Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller

Move over EQT Corporation, there's a new number one natural gas producer in the U.S. Yesterday, Chesapeake Energy announced that its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed. The newly merged company was renamed Expand Energy Corporation and will begin trading on the NASDAQ stock market today under the ticker "EXE". As of today, Expand produces more natural gas than EQT. The big difference is that Expand's production comes from both the Marcellus/Utica and the Haynesville, whereas EQT's production is 100% from the M-U.

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