Energy Sector Deals Keep Coming, as Chesapeake Strikes 3

By BEN PROTESS and MICHAEL J. DE LA MERCED April 10, 2012, 9:56 am

Struggling amid a surplus of natural gas and depressed demand, energy companies continue to look to deal-making to bolster their financial positions.

In the latest, the Chesapeake Energy Corporation has announced three deals that will raise $2.6 billion in cash for the natural gas giant, moves that will help it cope with low  prices.

It has been a tough environment for Chesapeake and other energy companies, which have been dealing with the effects of a warm winter and a sputtering economy. Natural gas prices are about half what they were a year ago, putting pressure on producers.

To read the entire article go to: http://dealbook.nytimes.com/2012/04/10/chesapeake-strikes-a-flurry-of-deals/?ref=energy-environment