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Announced

Kennedy Lewis-backed Tapstone Energy to acquire Mid-Con assets of Chesapeake Energy for $130m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Pending

Private Equity

Majority

Friendly

United States

oil and gas assets

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Auction

Domestic

Acquisition

Infrastructure

Oil Equipment and Services

Private

Synopsis

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Kennedy Lewis-backed Tapstone Energy, a growth-oriented, independent oil and natural gas company, agreed to acquire Mid-Con assets of Chesapeake Energy, a company engaged in hydrocarbon exploration, for $130m. The Mid-Con assets comprise the company's oil and gas properties and related infrastructure in Oklahoma and Hemphill County, Texas.

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