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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Chesapeake Energy Corporation | NASDAQ:CHK | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 91.25 | 87.29 | 91.48 | 2 | 12:39:23 |
From May 2019 to May 2024
By Sven Grundberg
STOCKHOLM--Norwegian oil major Statoil ASA (STL.OS) Tuesday said it has sold parts of its holding in the U.S. Marcellus shale gas well to Southwestern Energy Company (SWN) for $394 million.
The deal reduces Statoil's stake in the Marcellus, a shale area located in Ohio and West Virginia, to 23% from 29% and is expected to close in the first quarter next year.
Statoil said it has entered a partnership with Southwestern Energy in the form of a joint development agreement.
The transaction represents approximately 30,000 acres and "confirms the attractiveness of U.S. unconventionals," Statoil said. Statoil first entered Marcellus in a joint venture with Chesapeake Energy Corp. (CHK) in 2008.
-Write to Sven Grundberg at sven.grundberg@wsj.com; Twitter: @WSJNordics
1 Year Chesapeake Energy Chart |
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