Chesapeake Energy sells remaining Eagle Ford assets for $700m
Transactions - AUGUST 15, 2023

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Chesapeake Energy sells remaining Eagle Ford assets for $700m

by Kali Persall

Chesapeake Energy Corp. has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources for $700 million.

Chesapeake Energy will sell approximately 42,000 net acres and 540 wells in the condensate-rich portion of its Eagle Ford asset located in Dimmit and Webb counties in Texas, along with related property, plant and equipment. This brings the total proceeds from Chesapeake’s Eagle Ford exit to more than $3.5 billion.

Chesapeake Energy aims to achieve net-zero scope 1 and scope 2 greenhouse gas emissions by 2035. The company said it is committed to safely answering the call for affordable, reliable lower-carbon energy.

“We are pleased to have successfully completed the exit of our Eagle Ford asset, allowing us to focus our capital and team on the premium rock, returns and runway of our Marcellus and Haynesville positions,” said Nick Dell’Osso, president and CEO of Chesapeake Energy. “I want to thank our employees who built a cu

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