From Chesapeake Energy on Friday:
OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 17, 2014-- Chesapeake Energy Corporation (NYSE:CHK) announced that it has completed the sale of 100% of its ownership interest in Chaparral Energy, Inc. (Chaparral). The transaction closed on January 13, 2014 for gross proceeds of $215 million.
Domenic J. Dell’Osso, Jr., Chesapeake’s Chief Financial Officer, commented, “This sale demonstrates the continued refinement and focus of our portfolio around core assets and continues our strategy of reducing financial complexity.”
In connection with this transaction, Mr. Dell’Osso resigned from the Chaparral board of directors.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
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Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
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Allegheny Front, environmental public radio for Western Pennsylvania.