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Sep 14, 2012
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Chesapeake Energy is working toward selling $7 billion in assets
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A recent article on CantonRep.com breaks down the various assets that Chesapeake Energy Corp. is selling for nearly $7 billion as it works to “wipe $14 billion in debt off its books this year.” Royal Dutch Shell PLC, Chevron Corp. and EnerVest will purchase Chesapeake’s assets in “the oil and gas-rich Permian basin,” the article said. The company is selling “most of its pipeline and storage assets to Global Infrastructure Partners for about $2.7 billion” and plans to net $600 million by “selling non-core leases in the Utica shale,” the article said. For more, including details on Chesapeake’s other planned asset sales, read the full story here.
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Posted by
M. Warnock
in
United States
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