Chesapeake Asset Sale Raises Another $2.6B

After the trading markets in the U.S. closed yesterday, Chesapeake Energy announced three deals that will convert some of their considerable assets into $2.6 billion of cash to help fund development and cut down on debt. In a climate of continuing low commodity natural gas prices, Chesapeake has adopted a strategy of selling “non-strategic” assets to keep the momentum going.

Yesterday’s announcement included:

To view this content, log into your member account. (Not a member? Join Today!)