Chesapeake Energy Corp, which is the second-biggest natural-gas producer, has benefitted from high sales of its oil and gas, which will allow the company to pay of its debt and also have enough money left for its oil and gas for the year.

The company has already worked on deals to sell almost $7 billion of oil and gas assets. The company is struggling because of a fall in price of gas and its revenues have declined, making investors concerned over its ability to repay its debt by generating enough income from core operations.

Chesapeake has been infusing capital aggressively into increasing its oil output even as it has dwindling cash from operations. The company was able to get a higher than expected amount of money for its oil fields in the U. S. Southwest as it was able to take advantage of the demand for oil assets from the large energy players.

The company has finalized seperate deals to sell drilling rights and wells on about 1 million acres in the Permian Basin of Texas and New Mexico for $3.3 billion with Royal Dutch Shell Plc (RDSA), Chevron Corp. (CVX) and EnerVest Ltd.