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Chesapeake to Become Top U.S. Natural Gas Producer With $7.4 billion Deal for Southwestern

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

(Reuters) – Chesapeake Energy (CHK.O) said on Thursday it would buy smaller rival Southwestern Energy (SWN.N) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. The move extends a recent spate of multi-billion deals in the U.S. energy sector including Exxon Mobil’s (XOM.N) $60-billion Pioneer Natural …

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Oil Extends Gains on Middle East Supply Worries

Conventional Energy, Latest, Oil, Pinned Primary / By

Summary Shutdown of Libya’s Sharara oilfield tightens supply U.S. crude inventories fall more than expected -API Coming up: EIA supply report, 1600 GMT (Reuters) – Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions at an oilfield in Libya and heightened tensions relating to the Israel-Hamas war. …

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