60.5 F
Fort Worth
Friday, November 27, 2020
Energy Chesapeake to sell property in Louisiana for $450 million

Chesapeake to sell property in Louisiana for $450 million

Other News

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude oil for...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in Texas later...

Basic Energy Services makes organizational changes

Fort Worth-based Basic Energy Services, Inc. (OTCQX: BASX) in late May announced the implementation of changes to the organizational structure of the company, reducing...

Texas oil producers were cutting output before Railroad Commission chose not to, Commissioner Christi Craddick says

By Cassandra PollockMay 12, 2020 Texas Railroad Commissioner Christi Craddick on Tuesday doubled down on the agency’s recent decision to not cut oil production and...

OKLAHOMA CITY (AP) — Chesapeake Energy Corp. has announced plans to sell acreage and wells in northern Louisiana for about $450 million.

The Oklahoma City-based company said Monday that it will sell 78,000 acres — including 250 gas wells — in the Haynesville Shale to a private company. Chesapeake says it also plans to sell an additional 50,000 acres in northern Louisiana, and that deal is expected to close within the first three months of next year.

The energy company says it has agreed to sell about $2 billion in assets this year as it contends with low commodity prices.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Fort Worth firm acquired by Abilene-based Petrosmith

Abilene-based Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions LLC, an engineering, procurement...

Oil companies snag Gulf of Mexico waters for offshore drilling in last bid before Biden transition

In the last opportunity for oil companies to bid on federal Gulf of Mexico waters under a Trump administration, the federal government on Wednesday...

Texas official selected as vice chairman of Interstate Oil and Gas Compact Commission

Railroad Commissioner Wayne Christian was selected to be vice chairman of the Interstate Oil and Gas Compact Commission (IOGCC) at the organization’s virtual meeting....

Alaska loses 3,000 oil, gas jobs during pandemic, price drop

ANCHORAGE, Alaska (AP) — The Alaska Department of Labor and Workforce Development reported that the state has lost more than 3,000 jobs in the...

Value of West Texas oil lands plunging amid virus pandemic

HOUSTON (AP) — The value of oil fields in West Texas have plummeted due to the coronavirus pandemic, which has caused the demand for...