Chesapeake To Acquire Powder River Oil Shale Prospects For $49MM
Stay Connected
Get daily industry updates in your inbox. Free.Stay Connected
Your account already exists. Please login first to continue managing your settings.
Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) plans to acquire interests in oil and gas assets in the Powder River Basin of Wyoming from Denver-based American Oil & Gas Inc. (Amex: AEZ) and privately held North Finn LLC, Casper, Wyo., for $49.4 million.
The acquisition involves producing and nonproducing wells as well as undeveloped acreage in Converse, Niobrara and Campbell counties, including all of American's ownership in the Fetter and Krejci projects.
American holds 33,000 net acres (69% working in 48,000 acres) at Fetter Field in Converse County targeting the ...
Tel: +1.713.260.6400; Fax: +1.713.840.8585
Copyright© 2012 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.