newsfilter
← Latest News
Business Wire·

Chesapeake Energy Corporation Announces Agreements to Sell Permian, Midstream and Certain Other Assets for Total Net Cash Proceeds of Approximately $6.9 Billion

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) announced today it has entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 billion. The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 billion of term loans during the 2012 fourth quarter.