Robert D. Lawler, president and CEO of Chesapeake Energy Inc. (NYSE: CHK), arrived understandably late to the stage at the Deloitte Oil & Gas Conference in downtown Houston on Oct. 30, tied up by the traffic that comes with a $4 billion transaction.
That morning, Chesapeake had announced it agreed to buy WildHorse Resource Development Corp. (NYSE: WRD), which includes positions in the Eagle Ford Shale and Austin Chalk, for almost $4 billion.
At Lawler‘s delayed speaking engagement, entitled “The Game is Changing,” he said his company was going “on the offensive” after a slog through roughly five years of divestitures, most recently with the $1.9 billion sale of its Utica Shale assets that closed in October.
Darren Barbee
Darren Barbee is senior editor for Hart Energy’s Digital News Group. He serves as the point person for A&D transactions and as a writer for Oil and Gas Investor magazine.