Posted by powerchord on 28th of Jul 2008 at 09:58 am
Chesapeake Energy: CNPC interested in Chesapeake Energy assets,
Morning Post says - Bloomberg.com (48.29 ) : Bloomberg.com
reports China National Petroleum, the country's biggest oil
producer, is considering a bid for minority stakes in shale-gas
assets owned by Chesapeake Energy, the South China Morning Post
said. Each of the two shale gas assets owned by the U.S. company in
Arkansas and Pennsylvania is valued at about $15 bln. CNPC declined
to comment, while an unidentified Chesapeake spokesman said the
company is "entertaining'' proposals for partnerships for its shale
assets in Fayetteville and Marcellus. Chesapeake Energy, based in
Oklahoma City, is the second- biggest U.S. independent natural-gas
producer. China National is the parent of PetroChina (PTR).
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Posted by powerchord on 28th of Jul 2008 at 09:58 am
Chesapeake Energy: CNPC interested in Chesapeake Energy assets, Morning Post says - Bloomberg.com (48.29 ) : Bloomberg.com reports China National Petroleum, the country's biggest oil producer, is considering a bid for minority stakes in shale-gas assets owned by Chesapeake Energy, the South China Morning Post said. Each of the two shale gas assets owned by the U.S. company in Arkansas and Pennsylvania is valued at about $15 bln. CNPC declined to comment, while an unidentified Chesapeake spokesman said the company is "entertaining'' proposals for partnerships for its shale assets in Fayetteville and Marcellus. Chesapeake Energy, based in Oklahoma City, is the second- biggest U.S. independent natural-gas producer. China National is the parent of PetroChina (PTR).