"Southwestern and Chesapeake Energy Poised for Landmark $17 Billion Gas Merger"

Chesapeake Energy and Southwestern Energy are reportedly close to finalizing a merger that would create a company valued at nearly $17 billion, potentially becoming the largest U.S. natural gas-focused exploration and production firm by market value. The merger, which could be announced as early as next week, is part of a trend of consolidation in the energy sector amid sluggish natural gas prices. Both companies have significant operations in Appalachia and the Haynesville basin, and the deal follows Chesapeake's post-bankruptcy strategy to concentrate on natural gas.