Shell to Acquire 618,000 Net Acres in Southern Delaware Basin from Chesapeake Energy New Report
Royal Dutch Shell (Shell), through its subsidiary Swepi, agreed to acquire 618,000 net acres in the southern Delaware Basin portion of the Permian Basin in west Texas, US, from Chesapeake Energy Corporation (Chesapeake) for a purchase consideration of $1.94 billion. Chesapeake intends to use the proceeds of the sale to repay its $4-billion term loans during Q4 2012. Jefferies & Company and Goldman, Sachs & Co. are acting as financial advisors to Chesapeake for the transaction.
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