Encino Takes Over from Chesapeake in Ohio Utica; Big Plans
The deal is done. On Monday, Encino Acquisition Partners completed its purchase of all of Chesapeake Energy's Ohio Utica Shale assets for $2 billion, originally announced in July (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B). The deal includes all of Chesapeake's 933,000 Ohio acres (with 320,000 net Utica acres)
Source: marcellusdrilling.com