Energy & Exploration Partners buys Chesapeake acreage, output

April 15 Mon Apr 15, 2013 11:28am EDT

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April 15 (Reuters) - Energy & Exploration Partners Inc said on Monday it has acquired oil and gas acreage and some producing wells in east Texas from Chesapeake Energy Corp.

No purchase price was disclosed and a call to privately held Energy & Exploration was not immediately returned.

Chesapeake plans to sell up to $7 billion of its oil and natural gas properties this year to help fill a funding shortfall.

Energy & Exploration said it bought 57,275 acres and 11 producing wells in the Woodbine/Eagle Ford formation.

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