![]() ![]() Hence, CHK is considering Eagle Ford as non-core. The proceeds will possibly aid Chesapeake Energy in returning more capital to shareholders.Īlong with the June quarter results, CHK stated that future growth prospects lie with Haynesville assets, where the company will increase its capital allocations while lowering activities in the Eagle Ford. In the second quarter of this year, the upstream energy player produced 88,000 barrels of oil equivalent per day (BoE/D) from the Eagle Ford.Īccording to the source, the conclusion of the transaction would generate billions of dollars. In the prolific resource, Chesapeake Energy has a strong foothold and has leases across roughly 610,000 net acres. After Labor Day, the auction will probably take place, the source revealed. ![]() Chesapeake Energy Corporation ( CHK Quick Quote CHK - Free Report) plans to exit oil-rich Eagle Ford shale assets in Texas and has selected Evercore to support this transaction in an auction, per Bloomberg. ![]()
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