The deal closed on 13 January, Chesapeake said in a statement. It had been trying to unload the stake since 2011.
“This sale demonstrates the continued refinement and focus of our portfolio around core assets and continues our strategy of reducing financial complexity,” Chesapeake chief financial officer Domenic Dell’Osso said in a statement.
Dell’Osso also resigned from the Chaparral board of directors in connection with the sale.
Chesapeake
