Chesapeake (CHK +2%) agrees to sell ~57K net acres in the Eaglebine formation in Texas for $125M...

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

Chesapeake (CHK +2%) agrees to sell ~57K net acres in the Eaglebine formation in Texas for $125M to emerging oil and gas producer Energy & Exploration Partners. CHK is in the process of divesting lots of oil and gas acreage to steady its financial ship and reduce its capital spending commitments.