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A building at the Chesapeake Energy Corp. headquarters in Oklahoma City. (Image: Kool Cats Photography via Flickr)

Chesapeake sells Haynesville assets for $450m

Chesapeake Energy Corp. (NYSE: CHK) will sell a portion of its acreage and producing properties in northern Louisiana’s Haynesville Shale for about $450 million, the Oklahoma City-based company announced Dec. 5, according to a recent article in the Houston Business Journal. While the HBJ said the buyer was undisclosed, Reuters sources revealed the buyer as Indigo Minerals LLC, a competing natural gas producer.

Indigo Minerals LLC, the 10th largest U.S. producer of natural gas, is using an affiliate called Indigo Haynesville LLC for the acquisition, one of the sources said.

Reuters also reported that the Oklahoma City-based Chesapeake  said that, including this transaction, it has reached about $2 billion in gross proceeds from divestitures either signed or closed in 2016, excluding certain volumetric production payment repurchase transactions.

 

 

 

 

 

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