Chesapeake (CHK) Hits 85% of Asset Sales Goal for FY12 with Latest Agreements
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Shell (RDS-A) Acquires $1.935B of Oil, Nat Gas Assets in Texas (CHK)
September 12, 2012 7:29 AM EDTRoyal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) said it acquired acreage in Texas from Chesapeake Energy (NYSE: CHK) in a further step to build a leading portfolio of shale assets rich in oil and... More
Chevron (CVX) Unit to Acquire Delaware Basin Acreage from Chesapeake (CHK)
September 12, 2012 7:08 AM EDTChevron Corporation (NYSE: CVX) announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation (NYSE: CHK).
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Chesapeake Energy (CHK) Announces $6.9B in Asset, Noncore Leasehold Sales
September 12, 2012 7:03 AM EDTChesapeake Energy Corporation (NYSE: CHK) announced today it has entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 billion. The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 billion of term loans during the 2012 fourth quarter.
Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 billion. The Permian... More
