Chesapeake buys WildHorse (2019)
Anthony Bahr and Steve Habachy sold WildHorse Resource Development to Chesapeake Energy for about $4 billion. The pair had grown East Texas output from roughly 7,000 to over 52,000 barrels a day in two years.
The founders cashed out and Chesapeake gained a large Eagle Ford position.
Months later, the same team launched WildFire to run the buy-build-sell playbook again.
This is the same management team and the same strategy. The WildFire sale to Magnolia is the sequel, right down to the roughly $4 billion price.
