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
Advertisement
;

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...

Oklahoman subscribers have access to this article. Unlock it below.

What is this? Learn more.

NewsOK.com has disabled the comments for this article.

Trending Now


AROUND THE WEB

  1. 1
    Angels won't cap former OU pitcher Garrett Richards' innings
  2. 2
    McDonald's Allegedly Fires Mom Whose Daughter Played Outside While She Worked
  3. 3
    Verizon: We track you, you get free stuff
  4. 4
    Is this Apple's new iWatch?
  5. 5
    Survey: Users unhappy with Facebook
+ show more