In Brief

Published: November 26, 2008

Chesapeake

Closes deal

Chesapeake Energy Corp. announced Tuesday it has closed its joint venture within the Marcellus Shale natural gas field with StatoilHydro. Chesapeake sold about a third of its interest in 1.8 million acres to the Norwegian company for about $3.4 billion. The Oklahoma City-based company received $1.25 billion for the deal. Also, StatoilHydro will pay most of Chesapeake’s drilling and completion costs in the field the next three years.

Advertisement


Toolbar sponsored by: David Stanley Ford
Bookmark and Share



Your thoughts!

Thank you for joining our conversations on NewsOK.com. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.

Editor's note: It is not our intent to offer comments on local crime or fatality stories.

Leave a comment

Log in below or sign up (it's free).