, Debt-ridden Chesapeake Energy Corp. to Sell Its Holdings for $6.9bn
Debt-plagued Chesapeake Energy Corp. informed on 12th of September that it would sell $6.9 billion of gas fields and pipelines to decrease its arrear. The deals to sell almost $7 billion company’s holdings of oil and gas assets Chesapeake Energy Corp. will help it to solve short-term cash crunch while paying for this year’s drilling plans as well as trim debt. Analysts have noted that Chesapeake Energy Corp. negotiated a higher price for its oil fields in the U.S. Southwest as the company’s officials took advantage of increasing demand for shale assets among energy industry leaders.
