WASHINGTON (dpa-AFX) - Chesapeake Energy Corp. (CHK) Tuesday announced that
it has signed an agreement to sell a portion its acreage and producing
properties for approximately $465 million to an affiliate of Covey Park Energy
LLC. The company...
WASHINGTON (dpa-AFX) - Chesapeake Energy Corp (CHK) said it has signed an
agreement to sell a portion of the company's acreage and producing properties in
its Haynesville Shale operating area in northern Louisiana for about $450
million to a...
The Haynesville Shale is a massive natural gas deposit in northern Louisiana. Early estimates suggest the shale may hold as much as 200 trillion cubic feet of natural gas, or the equivalent of 33 Billion barrels of crude oil.