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NEW YORK (AP) -- FourPoint Energy LLC will buy oil and gas assets from Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC for about $840 million.
The sellers are subsidiaries of Oklahoma City-based Chesapeake Energy Corp.
The deal will unfold in three related transactions with incremental and contingent payments to the companies' preferred interest owners, GSO Capital Partners LP.
The assets involved in the deal include an interest in about 1,500 producing wells primarily in the Cleveland, Tonkawa and Marmaton formations. The assets cover nearly 250,000 net acres centered in Roger Mills and Ellis counties, Oklahoma.
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Chesapeake Energy Corporation
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DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 64.4 billions as of today (€ 58.0 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |