Chesapeake Energy Refocuses on Shale Gas with Chief, Tug Hill Acquisition
Transaction Type
Sellers
Buyers
Basin
Appalachian Basin; Marcellus Shale
Announce Date
Post Date
Close Date
Estimated Price
$2,600.0MM
Description
Acquired Marcellus operator Chief E&D Holdings LP and associated nonoperated interests held by affiliates of Tug Hill in exchange for $2B cash and about 9.44MM commons hares; includes 113,000 net acres producing 835 MMcf/d.