Chesapeake to sell shale oil assets to Ineos for $1.4B, WSJ says

Chesapeake will announce a deal to sell oil assets to a division of U.K. chemical maker Ineos Group AG for $1.4B as soon as Tuesday, people familiar with the matter told The Wall Street Journal’s Benoit Morenne. The deal involves oil assets in the northern part of the Eagle Ford shale basin in south Texas and would mark the first foray of Ineos into U.S. oil and gas production, according to the report. Reference Link