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Chesapeake Energy Corp Announces Sale Of Northern Eagle Ford and Haynesville Shale Assets For Aggregate Proceeds Of $1 Billion


Wednesday, 3 Jul 2013 07:01am EDT 

Chesapeake Energy Corporation announced the execution of agreements to sell assets in the Northern Eagle Ford Shale and Haynesville Shale to EXCO Operating Company, LP a subsidiary of EXCO Resources, Inc. for aggregate proceeds of approximately $1.0 billion, of which approximately 90% will be received upon closing. Payment of the remaining proceeds will be subject to customary post-closing contingencies. The transactions, which are subject to certain closing conditions, are expected to close in the 2013 third quarter. 

Company Quote

26.46
0.13 +0.49%
21 Aug 2014