Chesapeake Energy sells its Utica Shale assets
Monday, August 6, 2018
by Aaron Bruggeman
The nation’s third-largest gas producer Chesapeake Energy Corp. finalized a deal to sell its Utica Shale assets to Encino Acquisition Partners for approximately $2 billion, according to Crain’s Cleveland Business. Chesapeake plans to use the proceeds to pay off debt and increase crude oil production. For more, read the full story.
