Chesapeake Energy selling Oklahoma acreage to Chinese company

Chesapeake Energy Corp. has struck a $1.02 billion joint venture with a Chinese oil company for a stake of its acreage in northern Oklahoma’s Mississippi Lime play.

BY JAY F. MARKS Published: February 26, 2013
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Chesapeake Energy Corp. on Monday took another step toward closing a multibillion dollar funding gap.

Chesapeake announced a $1.02 billion joint venture with Sinopec International Petroleum Exploration and Production Corp. for a stake in its acreage in northern Oklahoma’s Mississippi Lime play.

Chesapeake will get...

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