Chesapeake Energy Corp Looking To Sell Some East Texas Acreage-Reuters

Reuters reported that Chesapeake Energy Corp seeking to sell around 57,000 acres of leaseholdings in East Texas, as the Company works to raise cash to meet an expected funding gap, according to a prospectus released by one of its advisers. The Company said the acreage is in Madison, Leon, Houston, Grimes and Robertson counties in Texas and would give buyers access to the Woodbine oil formation, the prospectus said.