Energy & Exploration Partners Inc said on Monday it has acquired oil and gas acreage and some producing wells in east Texas from Chesapeake Energy Corp. No purchase price was disclosed and a call to privately held Energy & Exploration was not immediately returned.Chesapeake plans to sell up to $7 billion of its oil and natural gas properties this year to help fill a funding shortfall.Energy & Exploration said it bought 57,275 acres and 11 producing wells in the Woodbine/Eagle Ford formation.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. Shares of CHK fell by 2.24% or $-0.44/share to $19.24. In the past year, the shares have traded as low as $13.32 and as high as $22.97. On average, 15527600 shares of CHK exchange hands on a given day and today's volume is recorded at 2694276.
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