Chesapeake Selling Eagle Ford Acreage in the Northern Block

Capital constraints have CHK focused on only the highest rate of return areas
Chesapeake's Eagle Ford Northern Block

Chesapeake’s Eagle Ford Northern Block | Click to Enlarge

Chesapeake’s Eagle Ford assets will be trimmed down as the company’s focuses on its core areas of development. As part of the company’s “core of the core” strategy, they will divest areas of the Eagle Ford that might not be held by production as leases expire. Chesapeake is simply capital constrained. [Read more…]