Chesapeake Energy Corp said it would sell oil and gas assets in the Eagle Ford and Haynesville shales to a unit of Exco Resources Inc for about $1 billion. "Today's announcement brings our year-to-date asset sales signed or closed to approximately $3.6 billion," Chesapeake Chief Executive Doug Lawler said in a statement.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. Shares of CHK remained unchanged at $20.92. In the past year, the shares have traded as low as $16.23 and as high as $22.97. On average, 11435100 shares of CHK exchange hands on a given day and today's volume is recorded at 0.
EXCO Resources, Inc. (EXCO Resources) is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore the United States oil and natural gas properties with a focus on shale resource plays. Shares of XCO remained unchanged at $7.44. In the past year, the shares have traded as low as $5.97 and as high as $9.08. On average, 3370490 shares of XCO exchange hands on a given day and today's volume is recorded at 0.
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