Total SA has increased its exposure to US shale holdings by entering into a joint venture with shale industry leader Chesapeake Energy and EnerVest Ltd. Total agreed to pay $700m for a 25 per cent stake in shale assets totalling 619,000 acres rich in liquids as well as natural gas, held by Chesapeake and EnerVest [...]
Chesapeake Energy Corporation has entered in two transactions to monetize a portion of its 1.5 million net acres of leasehold in the Utica Shale play primarily in eastern Ohio. Fully implemented, the transactions would result in consideration to Chesapeake of approximately $3.4 billion. Chesapeake has entered into a letter of intent with an undisclosed international [...]
Chesapeake Energy Corporation on Wednesday came up with “very strong” initial results from four of a dozen horizontal wells it has been drilling at its Utica Shale play. Revealing the production results for the wet gas and dry gas phases of the play in eastern Ohio and western Pennsylvania, the company said in an update [...]
Consol Energy Inc. sold the potential Utica Shale gas exploration and development rights in Ohio to Hess Corp. for $593 million, the company said on Wednesday. The deal that will give Hess half of Consol’s mineral rights to about 200,000 acres, envisages Hess paying Consol $59 million at the time of its closure in October [...]
