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July 30, 2018

Chesapeake Looks West, Selling Utica While Boosting Powder River Basin

July 30, 2018

Utica sale values assets at 4.4x EBITDA Chesapeake Energy (ticker: CHK) announced a major divestiture last week, selling its Utica assets in a $2 billion transaction. Chesapeake will sell all of its acreage in Ohio to privately-backed Encino Acquisition Partners for $1.9 billion cash and $100 million contingent on natural gas prices. In total Chesapeake divested more than 900,000 net

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