2024-05-23 07:30:00 ET
Summary
- Southwestern Energy has curtailed production in the face of a challenging natural gas market as it prepares to merge with Chesapeake Energy.
- The FTC continues to push back on O&G mergers, causing potential delays and challenges for the Southwestern-Chesapeake merger.
- Despite the challenges, Southwestern is engaging with the FTC's requests and expects the merger to close in 2H24, which could lead to operational efficiencies and a larger natural gas footprint.
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Southwestern Energy Remains On Track For The Merger With Chesapeake