OREANDA-NEWS. January 23, 2014. Chesapeake Energy Corporation (NYSE:CHK) announced that it has completed the sale of 100% of its ownership interest in Chaparral Energy, Inc. (Chaparral). The transaction closed for gross proceeds of USD215 million.

Domenic J. Dell’Osso, Jr., Chesapeake’s Chief Financial Officer, commented, “This sale demonstrates the continued refinement and focus of our portfolio around core assets and continues our strategy of reducing financial complexity.”

In connection with this transaction, Mr. Dell’Osso resigned from the Chaparral board of directors.