Chesapeake Energy to Exit Barnett Shale

摘要

Chesapeake Energy Corp. has agreed to leave the region where the U.S. shale revolution began. The Oklahoma City-based company announced Aug. 10 that it has entered into an agreement to convey its interests in the Barnett shale operating area located in North Texas to Saddle Barnett Resources LLC. In addition, Chesapeake will simultaneously terminate future commitments associated with its Barnett assets. Saddle is backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy.