Business News : Chesapeake selling 504,000 DJ acres, production

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HOUSTON (Business News) - Chesapeake Energy Corp has put 504,000 acres in the DJ Basin in Wyoming and Colorado up for sale, as the U.S. energy company scrambles to raise cash to close a $ 9 billion to $ 10 billion funding shortfall.


The deal includes oil and gas production from 29 wells that the company operates and Chesapeake's interest in 24 non-operated wells, according to a prospectus on the deal.


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