Chesapeake Energy Refocuses on Shale Gas with Powder River Basin Exit
Transaction Type
Sellers
Buyers
Basin
Powder River Basin
Announce Date
Post Date
Estimated Price
$450.0MM
Description
To purchase Chesapeake’s Powder River Basin position comprising approximately 172,000 net acres and 350 operated wells in SE WY average about 19,000 boe/d (58% oil and NGL) of 4Q 2021 production. (Expected to close 1Q 2022)