EXCO Unit To Pay $1B For Chesapeake Shale Plays
The sale covers $680 million worth of assets in in the Northern Eagle Ford shale formation in Texas and another $320 million worth of property in Lousiana's Haynesville shale formation. The transaction will push Chesapeake's asset sales to $3.6 billion this year, CEO Doug Lawler said.
Lawler added that those funds, combined with the company's projected cash flow, will...
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