US’ Chesapeake to acquire Vine Energy
USA The zero-premium transaction will see Vine Energy retain 14% of its shares, with the rest acquire by the buyer.
Vine Energy is an operator of the Haynesville and Mid-Bossier shale formations in Northwest Louisiana. The plays sit on the North Louisiana Salt Basin.
Chesapeake, once the second-largest gas producer in the US, has worked on the Haynesville area since 2008.
This is the companies first major move since filing for Chapter 11 bankruptcy in February.
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