One day after announcing it has sold stakes in onshore wells across the country, Chesapeake Energy Corp. on Wednesday secured an agreement to sell its remaining natural gas-heavy Anadarko Basin property for $385 million to a return buyer, privately held FourPoint Energy LLC.

FourPoint last summer paid Chesapeake $840 million to buy the first big parcel in the Anadarko, which more than doubled the Denver-based operator’s Western Oklahoma leasehold (see Shale Daily, July 1, 2015).

“This acquisition will significantly increase our position in the Western Anadarko Basin and will give us greater operatorship and capital control,” CEO George Solich said. “The properties to be acquired create visibility into decades of development growth and closely overlap FourPoint’s current acreage footprint. By optimizing our position we enhance optionality in drilling inventory allowing us to target the best upside locations that achieve the most economic rates of return.”

The newest assets being sold in 15 Oklahoma and Texas counties include an interest in nearly 3,500 producing wells, primarily in the Granite Wash, Missourian Wash, Upper and Lower Cleveland and Tonkawa formations. The production mix is 67% natural gas. Included are 473,000 net acres, 98% held by production (HBP).

FourPoint would take over as operator of the Anadarko properties at closing, now scheduled for the end of April.The markets remain volatile, said CFO Tad Herz, but “acquiring an attractive producing asset that will significantly increase our current asset base while providing a stable cash flow profile should give FourPoint the financial flexibility to modify and adapt our development plan.”

Pro forma for the acquisition, FourPoint’s footprint would exceed 884,000 net acres with production estimated at 435 MMcfe/d net from more than 7,600 gross wells.

Chesapeake, which issued its 4Q2015 results on Wednesday, agreed on Tuesday to sell private equity-backed Haymaker Resources LP a bundle of mineral and royalty interests in 24 states and 324 counties for $128 million (see related story; Shale Daily, Feb. 23).