Chesapeake sells ownership interest in Chaparral Energy

Chesapeake Energy Corp.

Chesapeake Energy Corp. (NYSE:CHK) has completed the sale of 100% of its ownership interest in Chaparral Energy Inc. The transaction closed on Jan. 13 for gross proceeds of $215 million.

Domenic J. Dell’Osso Jr., Chesapeake’s CFO, commented, “This sale demonstrates the continued refinement and focus of our portfolio around core assets and continues our strategy of reducing financial complexity.”

In connection with this transaction, Dell’Osso resigned from the Chaparral board of directors.



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