Chesapeake (CHK) CEO Doug Lawler says the $1B asset sale to Exco Resources (XCO) brings the...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake (CHK) CEO Doug Lawler says the $1B asset sale to Exco Resources (XCO) brings the value of CHK's YTD asset sales to ~$3.6B; combined with CHK's anticipated operating cash flow, the sales will allow the company to fully fund its 2013 capital spending budget. The sale is part of CHK's plan to sell up to $7B in assets to raise cash. CHK +0.2% premarket.