Chesapeake Energy (CHK) is in advanced discussions to sell its 45.2% limited partner interest in...

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

Chesapeake Energy (CHK) is in advanced discussions to sell its 45.2% limited partner interest in Chesapeake Midstream (CHKM) and other pipeline assets to Global Infrastructure for over $4B. The deal would be part of Chesapeake's strategy to sell assets as it faces a cash-flow shortfall that Alembic analyst James Sullivan believes could hit $22B by the end of 2013.