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CHESAPEAKE ENERGY CORPORATION COMPLETES ACQUISITION OF CHIEF E&D HOLDINGS, LP AND AFFILIATES OF TUG HILL, INC.

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CHESAPEAKE ENERGY CORPORATION COMPLETES ACQUISITION OF CHIEF E&D HOLDINGS, LP AND AFFILIATES OF TUG HILL, INC.

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Chesapeake Energy Corporation recently announced it has completed its previously announced acquisition of Chief E&D Holdings, LP (“Chief”) and associated non-operated interests held by affiliates of Tug Hill, Inc. (“Tug Hill”).

See related article: 8 Rivers Secures $100M Investment from SK Group and Establishes Asian Joint Venture with SK Group to Accelerate Global Decarbonization

Nick Dell’Osso, Chesapeake’s President and Chief Executive Officer, commented, “The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world class Marcellus Shale position and accelerate returns for our shareholders. With the integration of these assets into our existing portfolio, we look forward to generating greater free cash flow, growing our dividend programs, and improving our GHG emissions metrics as we continue to responsibly deliver reliable, affordable, lower carbon energy in 2022 and beyond.”

Source: Chesapeake Energy Corporation

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