03 July 2013 14:12 [Source: ICIS news]
HOUSTON (ICIS)--Chesapeake Energy has agreed a $1bn (€770m) deal to sell shale oil and gas assets in Texas and Louisiana to EXCO Resources, the US-based energy firm said on Wednesday.
Under the deal, EXCO will acquire 55,000 net acres in the Northern Eagle Ford Shale, Texas, and 9,600 net acres in Haynesville Shale, Louisiana.
The Northern Eagle Ford Shale assets to be sold by
The transactions, which are subject to certain closing conditions, are expected to close in the 2013 third quarter.
($1 = €0.77)
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