CHK - Chesapeake Energy Corporation (CHK) Presents at JP Morgan Energy Power and Renewables Conference Call Transcript
2024-06-18 11:39:06 ET
Chesapeake Energy Corporation (CHK)
JP Morgan Energy, Power and Renewables Conference Call
June 18, 2024, 9:10 AM ET
Company Participants
Domenic Dell’Osso - President and Chief Executive Officer
Conference Call Participants
Michael Johnson - JP Morgan
Presentation
Question-an d -Answer Session
Q - Michael Johnson
Okay. Good afternoon. I'm Michael Johnson with JP Morgan. Pleased today to have a fireside chat with Nick Dell’Osso, CEO, longtime employee of Chesapeake Energy. Nick, thanks for coming today. I understand you've been on a golf trip with your dad. So glad we got you back safely from that. He was in Ireland and Scotland.
I'll start with the easy question. Any update on the timing for the Southwestern merger?
Domenic Dell’Osso
No, no update. We've continued to say second half of the year. Obviously, we have received a second request from the FTC, which everyone knows. We do have our shareholder vote occurring here just in a couple of hours this morning. So, we're looking forward to being past that step in the process, and then we will continue to work with the FTC to comply with the data requests they've had and follow through on that process. It's a little bit of a hard thing to pin down on an estimate of time. So, we'll continue to stick with second half of the year.
Michael Johnson
Got it.
Domenic Dell’Osso
Safely saying it won't close before the end of this month.
Michael Johnson
Thank you. So, when you're combined, you'll be the largest producer of natural gas in the US. We're always interested in your view on the macro. But before we get to that, I also want to ask. You've conducted what would have been called an experiment 10 years ago in curtailing production and cutting back on CapEx to let production fall. There was a time in our careers where that would have been somewhat of a suicide move for the equity valuation. You've held up nicely through that....
Chesapeake Energy Corporation (CHK) Presents at JP Morgan Energy, Power and Renewables Conference Call Transcript