Chesapeake Energy Corp. said Monday it has agreed to sell its remaining Eagle Ford assets to SilverBow Resources Inc. for $700 million. The deal, which is...
Chesapeake Energy Corp. CHK said Monday it has agreed to sell its remaining Eagle Ford assets to SilverBow Resources Inc.
for $700 million. The deal, which is expected to close in 2023, brings the total proceeds from the Eagle Ford exit to more than $3.5 billion. The Eagle Ford assets are located in Dimmit and Webb counties in Texas. Chesapeake agreed to sell about 42,000 new acres and about 540 wells in the condensate rich portion of the asset, along with property, plant and equipment. The move will allow the company to focus on its Marcellus and Haynesville positions, said CEO Nick Dell’Osso.
for $700 million. The deal, which is expected to close in 2023, brings the total proceeds from the Eagle Ford exit to more than $3.5 billion. The Eagle Ford assets are located in Dimmit and Webb counties in Texas. Chesapeake agreed to sell about 42,000 new acres and about 540 wells in the condensate rich portion of the asset, along with property, plant and equipment. The move will allow the company to focus on its Marcellus and Haynesville positions, said CEO Nick Dell’Osso.
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