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.
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 the bulk of the money in cash when the deal closes.
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