25 April 2024
Chesapeake announces asset sales worth $2.6 billion
Publication date: 12 April 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Chesapeake said this week it had completed three oil and gas monetisation transactions worth approximately $visual_editor.6 billion. The largest transaction was for the sale of preferred shares of Chesapeake subsidiary Cleveland Tonkawa to an investment group led by Capital Partners. The deal – which includes a 3.75% overriding royalty interest in the first 1,000 new net wells to be drilled on Chesapeake’s C-T leasehold – is worth approximately $1.visual_editor5 billion.