Covey Park acquires Haynesville assets
Covey Park Energy has acquired some $465 million in assets in north Louisiana’s Haynesville shale area from Chesapeake Energy, the company announced this week.
A news release issued Wednesday confirmed the sale, which had been tentatively revealed by Chesapeake two months ago.
Covey Park said through a spokesman the deal was financed with equity investments from investor Denham Capital and other partners. Wells Fargo was Covey Park’s financial adviser, the company said…