Wed, 12 Sep 2012 11:14:00 CDT
Chesapeake Energy Corp's $6.9 billion deal to sell gas fields and pipelines will help stabilize the troubled company for the rest of the year and give it time to figure out how it will fund 2013 operations. The company is selling most of its assets in the Permian Basin to Royal Dutch Shell Plc and Chevron Corp, and nearly all of its remaining infrastructure network. Chesapeake has been selling assets this year to meet an estimated $10 billion funding gap. It plans to use some of the proceeds from Wednesday's announcement to trim its $14.33 billion debt load by $4 billion....
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