Chesapeake Energy continued its announced program of selling properties to pay down debt, dealing its Permian Basin assets, including infrastructure, for $6.9 billion to Shell, Chevron and EnerVest. Separately, the company agreed to sell undeveloped acreage in South Texas and East Texas to a new Fort Worth-based operator, Energy & Exploration, for $125 million. (The Star-Telegram's report on that transaction is here.)
An Associated Press report on Chesapeake's Permian deal is here.
-- Jim Fuquay