Denver-based FourPoint Energy LLC announced Wednesday it is buying $840 million in oil and gas assets from Chesapeake Exploration LLC, CHK Cleveland Tonkawa LLC and others in three related transactions. Chesapeake Exploration and CHK Cleveland's preferred interest owners are funds managed by GSO Capital Partners LP. The deal also includes transactions with other third party investors and common interest owner CEX. The assets to be acquired include an interest in approximately 1,500 producing wells primarily in the Cleveland, Tonkawa and Marmaton formations with average daily net production of approximately 21,500 Boed over the 12-month period ended in April 2015. Read more on NewsOK.com

 

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