Second Eagle Ford deal in two days
Chesapeake Energy (ticker: CHK) announced a major acquisition today, buying Eagle Ford operator WildHorse Resource Development (ticker: WRD).

WildHorse holds a large position in the northern portion of the Eagle Ford, near a portion of Chesapeake’s acreage in the play. The company is currently producing 47 MBOEPD from its 420,000 net acres in the play, and holds about 385 MMBOE of reserves. WildHorse is in the oil portion of the play, producing 73% oil and 88% liquids.
Chesapeake, WildHorse focused on opposite sides of Eagle Ford
While Chesapeake does hold acreage in the northern Eagle Ford, near WildHorse’s assets, the company is primarily focused on its southern Eagle Ford position. Chesapeake is c...

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