Chesapeake Energy plans to sell its Fayetteville Shale acreage, assets for $5B

Chesapeake Energy Corporation has decided to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings, LLC and Chaparral Energy Inc., as a part of the company’s 2011-2012 “25/25 Plan.” 
If these sales are completed, Chesapeake anticipates that the combined pre-tax proceeds could exceed $5.0 billion. 
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Source: Penn Energy