In a news release, Chesapeake said the sale would reduce its debt and make the company stronger and more competitive.
Chesapeake has drilled more wells than any other shale company in
The company is selling all of its acreage, a third of it in the commercially developed part of the
Chesapeake has 108 employees in
The sale is expected to close in the fourth quarter.
Encino Energy and the
CPPIB owns 98 percent of the partnership, while Encino Energy operates the assets.
In a press release,
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