Chesapeake announced another asset sale this afternoon. In a deal with BP, Chesapeake will receive US $1.75 billion for all of their interests in approximately 90,000 net acres of leasehold and producing natural gas properties in the Arkoma Basin Woodford Shale. Chesapeake plans to redeploy the proceeds to the Haynesville, Barnett and Marcellus Shale plays and to further improve the company's capital structure.
Full Story at http://phx.corporate-ir.net/phoenix.zhtml?c=104617&p=irol-newsArticle&ID=1176295&highlight=
Thursday, July 17, 2008
Getting Any Sleep Aubrey?
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