Chesapeake contemplates exiting Permian basin

02/20/2012
Chesapeake Energy Corp. recently received industry inquiries about a complete exit from the Permian basin, the company said Feb. 13, acknowledging that it might consider selling all its Permian basin assets if it were to receive a compelling offer. The announcement came as Chesapeake provided details on its financial plan to fund anticipated capital expenditures during 2012 and provide additional liquidity for 2013. The company forecast its rapidly increasing liquids production will enable it in 2014 to reach equilibrium between its cash flow from operations and its planned drilling and completion capital expenditures. Chesapeake anticipates receiving about $2 billion total in 60 days fro...
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