INEOS Energy, a chemical producer and a significant player in the oil and gas market, agreed to acquire second Eagle Ford package from Chesapeake Energy, an American exploration and production company, for $1.4bn. "Today marks another important step on our path to exiting the Eagle Ford as we focus our capital on the premium rock, returns and runway of our Marcellus and Haynesville positions. We are pleased to have secured an aggregate of $2.82bn to date and remain actively engaged with other parties regarding the rest of our Eagle Ford position," Nick Dell'Osso, Chesapeake President and Chief Executive Officer.