Chesapeake Energy (CHK) Pops Higher Following $2.32B Utica Shale Sale

Chesapeake Energy Corp. (NYSE: CHK) shares are higher following the announcement that a Total (NYSE: TOT) unit will acquire an undivided 25 percent interest in approximately 619,000 net acres in the liquids-rich area of the Utica Shale for about $2.32 billion.

The stock is up about 3.6 percent Tuesday morning.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Activist hedge fund Engine Capital has built a 1.5% stake in EPAM Systems - Reuters
• SLB to acquire Kelvion in $3.4B deal to expand data center unit
• Paramount Skydance extends WBD note tender and exchange offer deadline