Chesapeake plans to sell leases

Oklahoman Modified: May 25, 2012 at 9:44 am •  Published: May 25, 2012

Chesapeake Energy Corp. on Thursday announced plans to sell 500,000 net lease acres in Wyoming and Colorado as part of its larger effort to sell $9 billion to $11.5 billion in assets by the end of the year.

“The company has publicly announced that it is refocusing its drilling efforts on 10 areas that it considers core,” Chesapeake spokesman Jim Gipson said in a statement. “Accordingly over the next year or so, the company will continue to exit from all other areas that it considers non-core to its operations.”

Thursday's plans include 29 operated and producing wells and Chesapeake's interest in 24-nonoperated wells in the southern portion of the D.J. Basin in Colorado.

ADAM WILMOTH, ENERGY EDITOR


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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