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