Chesapeake completes acquisition of Chief and affiliates of Tug Hill
Friday, March 11, 2022
Chesapeake Energy Corporation announced Wednesday in a news release it has completed its acquisition of Chief E&D Holdings, Lp and associated non-operated interests held by affiliates of Tug Hill, Inc., according to Yahoo Finance.
“The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world-class Marcellus Shale position and accelerate returns for our shareholders. With the integration of these assets into our existing portfolio, we look forward to generating greater free cash flow, growing our dividend programs, and improving our GHG emissions metrics as we continue to responsibly deliver reliable, affordable, lower-carbon energy in 2022 and beyond,” said Nick Dell’Osso, Chesapeake’s President and Chief Executive Officer.
Chesapeake announced the deal to acquire the natural-gas-rich Marcellus Shale assets earlier this year. Find out the specifics here.
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