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Pipeline sale to net $2B

Chesapeake continues to shed assets in debt

January 1, 2013
By CASEY JUNKINS - Special to the Tribune Chronicle , Tribune Chronicle | TribToday.com

WHEELING - Oklahoma-based Chesapeake Energy is selling the rest of its pipeline network and natural gas transporting equipment located largely in the Marcellus and Utica Shale areas for $2.16 billion as part of its effort to shed assets to pay off debts.

 
 

 

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