"Chesapeake announces $4.75 billion shale sale"

"Chesapeake Energy, which has large-scale operations in North Texas' Barnett Shale, announced this afternoon that it has agreed to sell the company's entire interests in the Fayetteville Shale of Arkansas for $4.75 billion.

The buyer is BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited, the international mining giant based in Australia. ..."

http://blogs.star-telegram.com/barnett_shale/2011/02/chesapeake-ann...

 

It has been rumored for a while that Chesapeake was selling some of their assets.

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Replies to This Discussion

Permalink Reply by Brian V. on February 22, 2011 at 11:19am

Check out this link

 

http://dailyreckoning.com/oil-shale-reserves/

 

Just guessing that oil shale is America's and CHK's future. Unbelievable what they estimate to be in these oil shale reserves.

Permalink Reply by Ann Ticopa on February 22, 2011 at 12:34pm

Article about oil sand extraction in Canada:

"The Canadian Oil Boom"
http://ngm.nationalgeographic.com/2009/03/canadian-oil-sands/kunzig...

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Permalink Reply by William Ladd on February 23, 2011 at 4:36am

This problem with Libya will have a great impact with all of us I would think. The price of gasoline will sky rocket. Do you suppose that the marcellus gas drilling will will be sparked to increased activity here? I was thinking maybe more oil and gasoline fueled cars and trucks will be converted faster to compressed gas. Several of the oil producing countries are having a ruckus with their leaders the last few months.  Will this ruckus be a plus in the long run for developing marcellus in our area during the next few weeks?

 

Bill L.

aka bummy

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