Tagged Chesapeake

Total exercises preemption rights in Barnett JV with Chesapeake

Rate this article 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 –…

Total to buy Cheasapeake’s stake in Barnett shale assets

Rate this article 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…

Chesapeake leaves Barnett, transfers interest to First Reserve unit

Rate this article 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…

FERC gets Court’s support on Dominion Cove Point LNG ruling

Rate this article By LNG World News The United States Court of Appeals rejected a joint appeal by environmental groups against orders by the Federal Energy Regulatory Commission approving the conversion of Dominion’s Cove Point LNG import terminal to an import and export terminal. In its order, the court noted that the petitioners, EarthReports, Sierra…

Newfield to acquire STACK acreage from Chesapeake unit

Rate this article Newfield Exploration Co., The Woodlands, Tex., has agreed to acquire 42,000 net acres in the Anadarko basin STACK play of Oklahoma from a subsidiary of Chesapeake Energy Corp., Oklahoma City, for $470 million. The deal is effective Apr. 1, and is expected to close during the second quarter. Read Full Article Here…

Casillas buys Chesapeake SCOOP interests

Rate this article A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

American Energy Partners CEO McClendon dies in car crash

Rate this article Aubrey K. McClendon, chairman and chief executive officer of American Energy Partners LP (AEP) and former chief executive officer of Chesapeake Energy Corp., died in a car crash in Oklahoma City on Mar. 2, KFOR in Oklahoma City reported. Read Full Article Here For more great articles: Oil & Gas Journal –…