Total E&P USA said it is exercising its preemption right to acquire Chesapeake Energy Corp.’s 75% interest in the jointly held Barnett shale operating properties near Fort Worth. Total already owns the remaining 25% and will become the operator. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
By LNG World News Total E&P USA, a unit of French gas and oil giant Total on Friday said it is exercising its preemption right to acquire Chesapeake’s 75% interests in the jointly held Barnett Shale operating area located in North Texas. Total E&P USA has owned the remaining 25% in the Barnett Assets since…
Chesapeake Energy Corp., Oklahoma City, has agreed to pay its way out of the Barnett shale in an effort to eliminate future financial commitments in a region it deems uneconomic. The series of deals, expected to close in the third quarter, could ultimately save Chesapeake $1.9 billion in future midstream commitments. Read Full Article Here…