According to a podcast report “Bye, Bye Barnett” by Upstream, Dallas-based Saddle Operating is nearing a deal to buy Barnett assets owned by Chesapeake Energy (NYSE: CHK).
Management includes former EXCO Resources executive Doug Miller who previously had involvement with private equity providers Oaktree, Ares Management, and T Boone Pickens, however, no specific details have emerged as to the company’s backing so far.