Denver oil company pays $385M for Chesapeake Energy assets
As oil and gas companies suffer from low commodity prices, one Colorado firm is adding to its holdings.
The Denver Business Journal reports that Denver-based FourPoint Energy LLC has struck a deal to buy 3,500 wells from Oklahoma-based Chesapeake Energy Corp. The assets are all located in Oklahoma and Texas. The deal follows an $850 million purchase of Chesapeake assets by FourPoint last summer.
As oil and gas companies suffer from low commodity prices, one Colorado firm is adding to its holdings.
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The Denver Business Journal reports that Denver-based FourPoint Energy LLC has struck a deal to buy 3,500 wells from Oklahoma-based Chesapeake Energy Corp. The assets are all located in Oklahoma and Texas. The deal follows an $850 million purchase of Chesapeake assets by FourPoint last summer.
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