“Chesapeake Energy Selling Oklahoma Acreage to Chinese Company”

The nation’s No. 2 natural gas producer is selling half its acreage in northern Oklahoma’s Mississippi Lime play.


Sinopec will buy an interest in half of Chesapeake’s 850,000 net acres in the oil-rich Mississippi Lime, then share future exploration and development costs in the play. Chesapeake’s Mississippi Lime acreage produced an average of 34,000 barrels of oil equivalent a day during the fourth quarter. The acreage has proved reserves of 140 million barrels of oil equivalent.

Read more at: newsok.com


StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »

Economy
Education