Energy Environmental Blog

Chesapeake Reaches Agreement for Marcellus Assets

Written by Vorys | Nov 13, 2008 12:54:16 AM

From the WSJ:  Statoil has agreed to pay Chesapeake $1.25 billion in cash for a 32.5% interest in its assets in the Marcellus Shale; and spend an additional $2.13 billion over four years as part of Chesapeake's drilling costs.

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