Monday, November 28, 2011
Chesapeake Energy expects to gain $13 billion in 2012
Chesapeake Energy expects to generate $13 billion next year, which would be sufficient to trim debt and pay for the company's capital expenditures. Chesapeake intends to gain approximately $3 billion from the sale of shares in Chaparral Energy and Frac Tech Services, and through the initial public offering of its oilfield services unit. The company also expects to generate about $6 billion from operating cash flow and $3 billion from other deals.