The sale should more than offset Newfield’s expected funding gap in 2014
The swap will increase Chesapeake’s position in the Powder River Basin to 388,000 net acres.
RSP is gaining 188 gross horizontal and 158 gross vertical drilling locations on 40-acre spacing.
Freeport's debt jumped from $3.5 billion to more than $20 billion after it bought two oil and gas companies last year.
The merger makes Breitburn the largest oil-weighted upstream MLP.
No decision has yet been made to acquire the $11 billion worth company, Repsol says.
After buying a $1 billion stake in Apache, Jana Partners is calling for the company to be more focused.
Diamondback has accumulated an enviable position in the Midland and Permian basins in less than a year through $1.4 billion worth of deals.
McClendon is seeking another $2 billion for a new oil drilling venture.
Silica will pay $98 million for Cadre, a major supplier of brown sand.
The company might create a structure for those mineral interests similar to Diamondback’s Viper Energy Partners, analysts say.
The deal pays Kodiak a 5% premium, likely not what its shareholders had in mind.