03 July 2013 14:12 [Source: ICIS news]
HOUSTON (ICIS)--Chesapeake Energy has agreed a $1bn (€770m) deal to sell shale oil and gas assets in Texas and Louisiana to EXCO Resources, the US-based energy firm said on Wednesday.
Under the deal, EXCO will acquire 55,000 net acres in the Northern Eagle Ford Shale, Texas, and 9,600 net acres in Haynesville Shale, Louisiana.
The Northern Eagle Ford Shale assets to be sold by
The transactions, which are subject to certain closing conditions, are expected to close in the 2013 third quarter.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections