Chesapeake Energy (CHK) confirms it plans to sell its assets in Chesapeake Midstream Partners...

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

Chesapeake Energy (CHK) confirms it plans to sell its assets in Chesapeake Midstream Partners (CHKM) to Global Infrastructure Partners in three separate transactions for expected cash proceeds of more than $4B. CHK says the midstream divestitures will enable it to reduce previously budgeted capex by ~$3B over the next three years. CHK +2.5% premarket.