Chesapeake Nears $2.4 Billion Deal for Chief Oil, Reuters Says
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Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.
A deal could be announced as soon as this week, Reuters said. The news agency reported in October that Chief Oil & Gas was exploring a sale amid the surge in energy prices that was boosting valuations in the industry.