Chesapeake to complete Eagle Ford basin exit with SilverBow deal
August 14, 2023
U.S. natural gas producer Chesapeake Energy (CHK.O) said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources (SBOW.N) for $700 million, completing its exit from the south Texas basin.
The company’s asset sales in the basin has generated total proceeds of more than $3.5 billion, including Monday’s deal.
