Longtime industry basement dweller Chesapeake Energy is finallypulling itself up by its bootstraps with a little help from the gasmarket and Gothic Energy. The company announced on Friday that itplans to buy Gothic, its frequent Midcontinent drilling partner, ina stock and cash transaction valued at about $345 million.
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Chesapeake Buys Gothic for $345M, Boosts Gas Reserves 25%
Longtime industry basement dweller Chesapeake Energy is finallypulling itself up by its bootstraps with a little help from the gasmarket and Gothic Energy. The company announced on Friday that itplans to buy Gothic, its frequent Midcontinent region drillingpartner, in a stock and cash transaction valued at about $345million.
July 3, 2000
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