The financially troubled Chesapeake Energy Corp. is selling $6.9 billion worth of assets to help pay its bills. According to Reuters, the energy company is selling gas fields and pipelines in the Permian Basin to both Royal Dutch Shell and Chevron. The deal is an attempt by Chesapeake to cover a $10 billion shortfall in funding, which includes $4 billion of debt. The company has said that it aims to sell between $13 and $14 billion dollars worth of assets this year. The same source writes that this deal is an attempt by the company to move away from natural gas, and more toward crude oil retrieval.
