FourPoint Energy

FourPoint Energy has signed definitive agreements to acquire oil and gas assets from Chesapeake Exploration and CHK Cleveland Tonkawa, as well as other third-party investors, for a combined price of USD 840 million. The assets include an interest in approximately 1,500 producing wells primarily in the Cleveland, Tonkawa, and Marmaton formations, with an average daily net production of approximately 21,500 BOEPD over the 12 months ending April. The assets cover nearly 250,000 net acres centered in Roger Mills and Ellis counties in Oklahoma, and approximately 95% of the lease is held by production.