FourPoint Energy buying well assets from Chesapeake Subsidiaries for $840 million
Story by the Associated Press FourPoint Energy LLC will buy oil and gas assets from Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC for about $840 million. The sellers are subsidiaries of Oklahoma City-based Chesapeake Energy Corp. The deal will unfold in three related transactions with incremental and contingent payments to the companies’ preferred interest owners, GSO Capital Partners LP.