Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion.
Chesapeake Q2 2023 Operations Update
Chesapeake expects to drill 30 to 40 wells and place 40 to 50 wells on production in the third quarter of 2023. The company’s operating plan remains flexible and is prepared for further adjustments based on market conditions.
Chesapeake Energy 2023 Outlook
Chesapeake Energy total expected capital expenditures of $1.765 – $1.835 billion and produced approximately 4.05 bcfe/d net (90% natural gas)
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Headquartered in Oklahoma City, Chesapeake Energy ranks #21 in wells drilled in 2022 with 104 wells drilled in the Mid Continent of the US. Counties Caddo Parish LA, De Soto Parish LA, Webb County, TX, La Salle County, TX, Dimmit County, TX
CHESAPEAKE ENERGY SALE OF EAGLE FORD PACKAGE FOR $1.425 BILLION
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I LLC for $1.425 billion.
