Deal: Saddle Operating close to Chesapeake deal, Upstream reports


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.

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