
Jan 25 (Reuters) – Chesapeake Energy Corp (CHK.O) said on Tuesday it would buy natural gas producer Chief E&D Holdings LP and some non-operated stakes held by affiliates of Tug Hill Inc for about $2.6 billion in cash and stock.
The company also signed an agreement to sell its Powder River Basin assets in Wyoming to Continental Resources Inc (CLR.N) for about $450 million in cash.
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