Chesapeake Unloads $6.9B Worth Of Midstream, Permian Assets

Law360, New York (September 12, 2012, 1:31 PM EDT) -- Oklahoma-based Chesapeake Energy Corp. announced a slew of asset sales Wednesday, including its entire midstream business and nearly all of its Permian Basin properties, for a combined $6.9 billion as the company continues its push to pay off a mountain of debt.

Chesapeake, which has conducted a fire sale of its midstream and Permian Basin assets over the summer in an attempt to pay down debt, sold 618,000 acres in the southern Delaware Basin portion of the Permian Basin, located in West Texas, to Royal Dutch...
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