Chesapeake Sells Interests to Haymaker Resources

Danger SybmolChesapeake Energy needs cash, and it needs cash now, but it can’t go to J. G. Wentworth.  Instead, they’re selling some of their interests in oil and gas wells to another company, Haymaker Resources.

It appears that the interests signed over to Haymaker are scattered around, not in one specific area.  CHK is getting rid of what it calls “non-core” property.  That means this is probably not Marcellus or Utica property, unless it’s on the outskirts of the Marcellus/Utica area.  However, if you fit that description you might be receiving royalty checks from Haymaker in the future.  It might be worth it to double-check.