Company sells stake in shale gas field

 
By Jack Money
Published: July 18, 2008

Chesapeake Energy Corp. announced Thursday it is selling its interest in about 90,000 acres in the Woodford Shale natural gas field in southeast Oklahoma .

Houston -based BP America , which already has a presence in the field, is buying the interests for $1.75 billion, officials said.

Aubrey McClendon , Chesapeake 's chairman and chief executive officer, said his company was looking to sell its interest in ...


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