Wachtell, Commercial Law Group Advise as Chesapeake Sheds $6.9 Billion in Assets to Pay Off Debts

, The Am Law Daily


In a series of deals announced Wednesday, Chesapeake Energy Corporation agreed to sell most of its properties in the Permian Basin of West Texas to a group of other oil companies for $3.3 billion; unloaded $2.7 billion in midstream assets to a private equity firm; and sold another $900 million in other assets to various companies.

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