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Chesapeake in land deal with Sinopec for $1.02B

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OKLAHOMA CITY (AP) — Chesapeake Energy said on Monday that it will sell a 50 percent stake in oil and natural gas-rich land in Oklahoma to Chinese oil company Sinopec for $1.02 billion as the natural gas producer continues selling off assets to repay debt. Chesapeake is the second-largest producer of natural gas in the U.S. after Exxon Mobil. Hurt by low natural gas prices, it has sold off...

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