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Published: July 2, 2008
Shale deal yields Chesapeake $3.3B
Plains Production buys 20% in Haynesville leases
Plains Production buys 20% in Haynesville leases
Chesapeake Energy Corp. announced Tuesday a joint venture in the Haynesville Shale natural gas field that will make the Oklahoma City -company more than $3 billion.
Houston -based Plains Exploration & Production Co. will pay Chesapeake $1.65 billion for a 20 percent interest in Chesapeake's leases within the field, which covers parts of north Louisiana and east Texas.
Additionally, Plains agreed to ...
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