Chesapeake to Sell More Assets | Shale Watch

Chesapeake to Sell More Assets

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Chesapeake Energy Corp. has announced the sale of hundreds of gas rigs and some undeveloped property to Indigo Minerals LLC for $218 million in cash.  The deal will include the sale of some rigs here in Arkansas.  It's been a rough year for the natural gas company.  Chesapeake has had to sell more than $2.2 billion in debt and shares over the past year and CEO Aubrey McClendon even had to sell off part of his wine collectionReuters has more.
 

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