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Chesapeake Engages Evercore to Market Eagle Ford Portfolio
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Chesapeake Energy Corp. has tapped investment banking firm Evercore to assist in selling its Eagle Ford asset portfolio, according to a report by Bloomberg.
In early August, Chesapeake signaled that it will be exiting all oil-focused ventures, and will divert the bulk of its investments on shale gas assets in the Marcellus and Haynesville.
Per the report, the sale is expected to open the week of September 5th.
Chesapeake's Eagle Ford Portfolio
Currently, Chesapeake has approximately 610,000 net acres in the play (map below) and produced 88,000 BOEPD in 2Q22.
Chesapeake's Eagle Ford Acreage
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