Chesapeake energy corporation announces sale of final eagle ford package for $700 million

Total proceeds from eagle ford exit to top $3.5 billion oklahoma city, aug. 14, 2023 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) today announced that it has executed an agreement to sell its remaining eagle ford assets to silverbow resources, inc. (nyse:sbow) for $700 million, bringing the total proceeds from its eagle ford exit to more than $3.5 billion. "we are pleased to have successfully completed the exit of our eagle ford asset, allowing us to focus our capital and team on the premium rock, returns and runway of our marcellus and haynesville positions," said chesapeake president and chief executive officer nick dell'osso.
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