Chesapeake Energy Hires Evercore to Auction Off Eagle Ford Assets

In April 2021, MDN brought you the news that Chesapeake Energy, after buying Eagle Ford oil assets in 2018 for $4 billion (during the reign of Doug Lawler), was looking to unload those assets for around $2 billion (see 50% Off Deal! Chesapeake Rumored to Shop Eagle Ford for $2B). The effort to dump the Eagle Ford assets is picking up, although Chessy's new CEO says there "won't be a fire sale" of the assets--meaning they want a lot more than $2 billion.

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