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Energy Exploration Buys Eagle Ford Acreage

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April 25, 2013

Energy & Exploration Partners Inc. has bought 57,275 net acres and 11 producing wells in the Woodbine/Eagle Ford play in East Texas from a subsidiary of Chesapeake Energy Corp. (NYSE: CHK) for an undisclosed amount.

To finance the acquisition, Energy & Exploration Partners issued senior unsecured notes to Highbridge Principal Strategies and Apollo Investment Corp. (Nasdaq: AINV).

The company plans to commence a two-rig drilling program on the acreage acquired from Chesapeake, said Hunt Pettit, Energy & Exploration Partners' found and chief executive, in the release.

The Woodbine/Eagle Ford play ...


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