17624993 American oil companies help out by selling assets $ 5 billion
The American Petroleum Corporation Chesapeake Energy announced the sale of its assets and shares in two energy companies, reports The Wall Street Journal. Thus, Chesapeake intends to raise about $ 5 billion to pay its debts. In particular, the company will sell assets related to shale gas project Feyettvill. There will also be implemented 25.8 per cent stake in Frac Tech Holdings and a 20-percent stake in Chaparral Energy. As the head of Chesapeake Aubrey McClendon, the transaction will be completed during the first half. He did not name the firms that are interested in buying assets. Shesapeake efforts to reduce the debt burden emerged a month after billionaire investor Carl Icahn reported that he owns 5.8 percent stake in the company. He also noted that the shares are undervalued Shesapeake, and he will hold talks with management on how to maximize shareholder value. The company Chesapeake Energy is one of the world leaders in the field of "non-conventional" oil and gas, including exploration and production of hydrocarbons from shale rock. The company has been producing in the fields of Barnett, Feyettvill, Eagle Ford, Marcellus, and some others. Partner of the Chesapeake in favor of leading Chinese Petroleum Corporation CNOOC.
