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One-Page Deal Sheet

Chesapeake Sells Entire Utica Position to PE-Backed Encino for $2B Cash

Encino Acquisition Partners, Encino Energy LLC Chesapeake Energy Corp
AnnouncedJul 26, 2018
TypeProperty
LocationUtica Shale
Announced Date
July 26,2018
Effective Date
January 01,2018
Close Date
October 29,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
2000




Snapshot
Asset/Basin:
{"Appalachian Basin","Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
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Proved Reserves
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Location
Region
Northeast

Country
United States

State
Ohio

County
Carroll ,Jefferson ,Tuscarawas ,Harrison ,Columbiana ,Belmont

Play
Utica Shale


Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Production ($/Mcfe/d)
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Transaction Details:  Require Private Equity Subscription

Chesapeake Energy is selling its interests in the Utica Shale operating area located in Ohio for approximately $2.0 billion to Canada Pension Plan Investment Board (CPPIB) backed-Encino Energy/Encino Acquisition Partners .

Encino is acquiring 900,000 net acre of leasehold spanning the Condensate, Liquids-rich and dry gas windows of the Ohio utica play in the core counties Stark,Carroll, Columbiana, Tuscarawas, Belmont and Jefferson

Approximately 900 wells produce more than 600 MMcf/d.  The transaction is expected to close in the 4th quarter of 2018.

Encino Acquisition Partners was formed back…


Source : Require Private Equity Subscription


Other Northeast Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-24-2020 - - Click here Pennsylvania  E&P
Dec-19-2019 - - Click here Ohio  E&P
Oct-21-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P

Price History


Date Deal Headline Price$/acre
Dec-08-2025 Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B - -
May-30-2025 EOG Acquires Utica Liquids Focus Encino For $5.6 Billion - -
Dec-05-2024 CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM - -