Chesapeake Energy Corp., Oklahoma City, has agreed to acquire WildHorse Resource Development Corp. in a $4-billion deal, including net debt of $930 million. Complimenting Chesapeake’s existing high margin Eagle Ford and Powder River basin positions, the deal adds 420,000 high margin net acres, 80-85% of which are undeveloped, in the Eagle Ford shale and Austin Chalk formations with a focus on Burleson County, Tex., with access to Gulf Coast markets.

Source: News