http://www.reuters.com/article/2014/02/03/us-americanenergy-utica-i...
http://ca.finance.yahoo.com/news/american-energy-utica-llc-agrees-1...
CEO Aubrey McClendon's American Energy Partners said on Monday that it had struck three deals in Ohio's Utica shale region, doubling its holdings there.
The company said it would buy about 130,000 acres in the southern part of the Utica shale from Hess Corp (HES.N), Exxon Mobil Corp (XOM.N) and privately held Paloma Partners. It said the three deals would bring its total acreage in the region to about 260,000 acres.
American Energy did not disclose how much it is paying for the acreage, but Hess said previously that it sold its 74,000 acres in the Utica for $924 million.
McClendon co-founded Chesapeake, the No. 2 U.S. natural gas producer, in 1989.
But he left his post of chief executive officer in April after clashes with the board over spending and a series of Reuters investigations that led to civil and criminal probes at the company.
An internal investigation by Chesapeake's board last year cleared McClendon of intentional wrongdoing.
Tags:
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com