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Chesapeake Energy Wraps Up Permian Basin Deal

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October 22, 2012

Chesapeake Energy Corp. (NYSE: CHK) announced it has completed the sale of its previously announced asset packages in the Permian Basin. The company sold its southern Delaware Basin assets in the Permian Basin to SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.B); its northern Delaware Basin portion of the Permian Basin to Chevron U.S.A. Inc., a subsidiary of Chevron Corp. (NYSE: CVX); and its producing assets in the Midland Basin portion of the Permian Basin to affiliates of Houston-based EnerVest Ltd. The Permian Basin assets sold produced ...

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