Monday, June 4, 2012

Reuters: Mergers News: Chesapeake looks to sell some Ohio acreage-adviser

Reuters: Mergers News
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Chesapeake looks to sell some Ohio acreage-adviser
Jun 4th 2012, 19:49

NEW YORK, June 4 | Mon Jun 4, 2012 3:49pm EDT

NEW YORK, June 4 (Reuters) - Chesapeake Energy Corp is looking to sell about 337,000 acres of its holdings in Ohio, as it works to raise money to meet an expected cash shortfall, according to a prospectus released by one of its advisers.

The holdings on the block include some in the Utica shale. The prospectus was posted on the website of Meagher Energy Advisors, an energy-focused asset acquisition and divestiture boutique firm that has sold assets for Chesapeake in the past.

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