UPDATE 1-Chesapeake to sell oil and gas assets for $5.37 bln
October 16, 2014 at 08:21 AM EDT
Oct 16 (Reuters) - Chesapeake Energy Corp said it would sell some oil and gas assets in Marcellus and Utica shale fields in West Virginia and Pennsylvania to Southwestern Energy Co for about $5.37 billion, sending its shares up 5.8 percent premarket.
