BP America buys 25% Chesapeake stake - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

BP America buys 25% Chesapeake stake

London_Oklahoma City-based Chesapeake Energy is selling 25% of its stake in the Fayetteville shale in Arkansas to the British oil company BP PLC.

BP will pay $1.9 billion for the stake. As a result of the transaction BP will own approximately 135,000 net acres of the leasehold and Chesapeake will own approximately 405,000 net acres.

The companies say Chesapeake plans to continue acquiring leasehold in the Fayetteville shale play and bp will have the right to a 25% participation in any such additional leasehold.

Copyright 2008 by the Associated Press. All rights reserved.

  • Local NewsNewsMore>>

  • After NYC subway bombing, Trump slams 'chain migration'

    After NYC subway bombing, Trump slams 'chain migration'

    Tuesday, December 12 2017 12:33 AM EST2017-12-12 05:33:52 GMT
    Tuesday, December 12 2017 5:24 AM EST2017-12-12 10:24:41 GMT

    The man arrested in the bombing, who told investigators he wanted to retaliate for American action against Islamic State extremists, came to the U.S. from Bangladesh in 2011 on a visa available to certain relatives of U.S. citizens.

    The man arrested in the bombing, who told investigators he wanted to retaliate for American action against Islamic State extremists, came to the U.S. from Bangladesh in 2011 on a visa available to certain relatives of U.S. citizens.

  • Admin says big revenue from GOP tax plan; analysts less rosy

    Admin says big revenue from GOP tax plan; analysts less rosy

    Tuesday, December 12 2017 3:44 AM EST2017-12-12 08:44:43 GMT
    Tuesday, December 12 2017 5:16 AM EST2017-12-12 10:16:54 GMT

    Public polling shows many Americans are unhappy with the proposal. The separate bills recently passed by the House and Senate combine steep tax cuts for corporations with more modest reductions for most individuals.

    Public polling shows many Americans are unhappy with the proposal. The separate bills recently passed by the House and Senate combine steep tax cuts for corporations with more modest reductions for most individuals.

  • #MeToo spotlight increasingly pointed at past Trump conduct

    #MeToo spotlight increasingly pointed at past Trump conduct

    Monday, December 11 2017 10:43 AM EST2017-12-11 15:43:27 GMT
    Tuesday, December 12 2017 4:29 AM EST2017-12-12 09:29:00 GMT

    Three women who have previously accused President Donald Trump of sexual harassment are sharing their stories on NBC's "Megyn Kelly Today." Jessica Leeds, Samantha Holvey and Rachel Crooks told of alleged...

    Three women who have previously accused President Donald Trump of sexual harassment are sharing their stories on NBC's "Megyn Kelly Today." Jessica Leeds, Samantha Holvey and Rachel Crooks told of alleged harassment by Trump spanning decades.

Powered by Frankly