Chesapeake to Sell More Assets | Shale Watch

Chesapeake to Sell More Assets

by

comment

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.
 


Sign up for the Daily Update email

Add a comment