Argonaut buys natural gas assets for $412mMid-market firm Argonaut Private Equity has purchased assets from natural gas producer Chesapeake Energy in a deal worth $412m.
The sale includes proved reserves of approximately 98 billion cubic feet of gas and current net production of approximately 60 million cubic feet per day in the Anadarko and Arkoma Basins in the US.
Chesapeake made the sale as part of a plan to build larger cash reserves over the next two years.
Argonaut has $3.5bn under management across the alternative energy, technology, financial services, media, telecommunications, medical devices, aviation, retail and healthcare sectors.
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Private Equity News» By News Type» Deal News
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Private Equity News» By News Type» Deal News
Private Equity News» By Region» North America» United States
