Shearman & Sterling advised Chesapeake Energy Corporation in connection with its purchase and sale agreement, through its subsidiaries, to sell its oil and gas assets in the Powder River Basin in Wyoming to Continental Resources. Continental will pay Chesapeake Energy a purchase price of $450 million in cash, subject to customary adjustments. The transaction, which is subject to certain customary closing conditions, is expected to close in the first quarter of 2022. At closing, net proceeds from the sale will go toward the purchase price of the Chief acquisition.
Headquartered in Oklahoma City, Chesapeake Energy's operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.
The Shearman & Sterling team below included associate Jacquelyn Watson (New York-Compensation, Governance & ERISA).
The Team
- Jeremy Kennedy
- John M. Craven
- Will Johnson
- Jordan Altman
- Doreen E. Lilienfeld
- Bill Nelson
- Todd Lowther
- Ian E. Roberts
- Jonathan Cheng
- John W. Menke
- JB Betker
- Michael Buiteweg
- Y. Jingjing Liang
- Catherine Zachry
Practices
- Project Development & Finance
- Intellectual Property Transactions
- Compensation, Governance & ERISA
- Capital Markets
- Tax
- Financial Restructuring & Insolvency
- Antitrust
Industries
- Energy
Regional Experience
- North America
Key Issues
- Energy Innovation
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Shearman & Sterling LLP published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 18:16:10 UTC.