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…

 

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