Deals
Chesapeake Said to Weigh Sale of Assets in Oklahoma Stack Region
- Position in oil-soaked patch could be worth up to $700 million
- Deal would help natural gas giant further reduce debt
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Chesapeake Energy Corp. is weighing a sale of some of its holdings in an oil-soaked patch of shale in Oklahoma known as the Stack, as the natural gas giant unloads assets to pay down debt, according to people familiar with the matter.
The Oklahoma City-based company recently interviewed advisers to oversee a potential sale, said the people, who asked not to be identified because the matter isn’t public. It has also held informal talks with potential buyers, they said.