Chesapeake Mulls Brazos, Powder River Asset Sales

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Chesapeake Energy’s new CEO Nick Dell’Osso said Wednesday that the company could be open to selling its oilier assets in Wyoming’s Powder River Basin and the Brazos Valley in Texas. But first it plans to spend a small chunk of next year’s $1.3 billion-$1.6 billion capital expenditure budget to see if the assets can be ramped up to scale or if they have more value on the block.

Earnings, M&A, Corporate Strategy
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