Chesapeake Energy Corp. continues with its financial restructuring, including the sale of significant holdings, Oil and Gas Investor reports:
"Chesapeake Energy Corp. (NYSE: CHK) is delivering on its divestment plans, saying Dec. 5 it agreed to sell a package of producing Haynesville Shale acreage in northern Louisiana for about $450 million.
"The deal covers 78,000 net acres, with slightly more than half—40,000 net acres—considered core to Chesapeake. The buyer was not disclosed.
"The sale includes 250 wells producing 30 million cubic feet of gas per day (MMcf/d)."
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