When Exco Resources (NYSE:XCO) made its bid for Chesapeake Energy's (NYSE:CHK) assets in the Eagle Ford and Haynesville shales, it appeared to be just another $1 billion asset deal that has been the modus operandi of Chesapeake over the past two years. In reality, though, the structure that Exco needed to implement to make this deal happen makes it one of the most complex asset deals of the year.
Between expiring buy-in options from British company BG Group and farming out exploration of the Eagle Ford to private equity firms, this deal has lots of moving parts that will affect Exco's investment decisions for the next five years. Check out the video below where Fool.com contributor Tyler Crowe will walk you through the details of this deal and help make sense of it for investors.
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