Shaleworld | Arkansas Blog

Tuesday, September 2, 2008

Shaleworld

Posted By on Tue, Sep 2, 2008 at 10:17 AM

There will soon be a new player in the Arkansas shale game. Energy giant BP announced today that they're buying a 25 percent stake in Chesapeake Energy's Fayetteville Shale operations for $1.9 billion.

The deal: $1.1 billion in cash, with the balance paid by way of funding $800 million of  Chesapeake's drilling expenditures in Arkansas.

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