Oklahoma City-based Chesapeake Energy has agreed to a deal to sell approximately 377,000 net acres and 1,350 wells in the Eagle Ford formation in the Brazos Valley region of east-central Texas for $1.425 billion.
In a twist, WildFire’s leadership previously sold some of the assets it will now buy from Chesapeake in 2019 while running WildHorse Resource Development Corp.
American hydrocarbon exploration firm Chesapeake Energy has voluntarily filed for bankruptcy in the US Bankruptcy Court for the Southern District of Texas.