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Chesapeake Energy sells Oklahoma assets for $840 million to Denver driller

2015-07-02 20:27:49| Energy - Topix.net

Denver-based FourPoint Energy LLC will pay $840 million for assets owned by two subsidiaries of Chesapeake Energy Corp. - boosting the private oil and gas exploration company's position in Oklahoma's Western Anadarko Basin. The $840 million purchase price actually covers three transactions involving FourPoint, led by president and CEO George Solich , for the assets of Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC, two subsidiaries of Oklahoma City-basked Chesapeake Energy "It was a very challenging deal to do but we're excited that we're signed," Solich told the Denver Business Journal on Wednesday.

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