In a move to reduce its debt, Chesapeake Energy has agreed to sell its Utica Shale interests in Ohio to Encino Acquisition Partners for ca. USD 2 billion. The assets cover 1,294 sq km net and hold 920 operated and non-operated wells that produced an average of 107,000 boe/d net (mostly gas) last year.
In a move to reduce its debt, Chesapeake Energy has agreed to sell its Utica Shale interests in Ohio to Encino Acquisition Partners for ca. USD 2 billion. The assets cover 1,294 sq km net and hold 920 operated and non-operated wells that produced an average of 107,000 boe/d net (mostly gas) last year.