Deal: Vortus-backed SND Operating buys Ark-La-Texas assets

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[Context: Vortus Investments-backed SND Operating acquired north Louisiana and east Texas assets for $129m from Chesapeake Energy and Morgan Stanley.]

SND Operating Closes Transformative Bolt-On Acquisition of Assets in East Texas and North Louisiana

DALLAS, December 18, 2014 – SND Operating, LLC (“SND” or the “Company”) today announced the acquisition of assets on behalf of an affiliated partnership in east Texas and north Louisiana from Chesapeake Energy Corporation (NYSE: CHK) and Morgan Stanley (NYSE: MS) for $129 million in cash, subject to closing adjustments.

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