Current CHK Stock Info

Utica sale values assets at 4.4x EBITDA
Chesapeake Energy (ticker: CHK) announced a major divestiture last week, selling its Utica assets in a $2 billion transaction.

Chesapeake will sell all of its acreage in Ohio to privately-backed Encino Acquisition Partners for $1.9 billion cash and $100 million contingent on natural gas prices. In total Chesapeake divested more than 900,000 net acres, though the company reports about 320,000 net acres are core. There are 920 gross wells on this acreage, producing a net 107 MBOEPD. The divested assets ...

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