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Chesapeake to buy Chief E&D Holdings for about $2.6 bln


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These translations are done via Google Translate
Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney/File Photo
Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney/File Photo

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.

GLJ
GLJ



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