EQT Gets Bigger AND Better, Learns from the Companies It Buys

On Oct. 1, 2024, Chesapeake Energy announced that its buyout of and merger with Southwestern Energy in a $7.4 billion deal had been completed (see Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller). The newly merged company was renamed Expand Energy Corporation and instantly became the country's leading producer of natural gas, surpassing EQT Corporation. 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. Expand should be looking over its shoulder, because EQT continues to buy and merge with other regional M-U companies and is now within 1 Bcf of overtaking Expand to regain the crown of leading gas producer.

---

To view this content, log into your member account. (Not a member? Join Today!)