Chesapeake Energy Corporation Announces Plan to Sell Its Midstream Assets in Three Transactions for Total Expected Cash Proceeds of More Than $4.0 Billion

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) today announced plans to sell its midstream assets in three separate transactions for total expected cash proceeds of more than $4.0 billion. The midstream divestitures will also enable Chesapeake to reduce previously budgeted capital expenditures by approximately $3.0 billion over the next three years.