 |
| CEO Aubrey McClendon |
(Bloomberg) -- Chesapeake Energy Corp., the second- biggest U.S. natural-gas producer, is seeking as much as $12 billion from assets sales and joint ventures to cope with a cash crunch amid rising debt and tumbling gas prices.
The company expects to get $10 billion to $12 billion from transactions including the potential sale of all its oil and gas fields in the Permian Basin of Texas and New Mexico, Chesapeake said in a statement today. The Oklahoma City-based company expects to receive about $2 billion in the next 60 days from two separate transactions involving advance sales of output in Texas and Oklahoma. Read full story here: News New Mexico
Posts
0 comments:
Post a Comment