Chesapeake Energy agreed to sell all of its interests in ~487,000 net acres and producing gas properties in the Fayetteville shale play in central Arkansas to BHP Billiton Petroleum for ~$4.75 billion. The sale includes net production of ~415 MMcfe/d and midstream assets with ~420 miles of pipeline. Some analysts say this deal could mark the turning point for Chesapeake. The last five years have given the company vast holdings of land and resources,......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.