CHK - A Swing For The Fence That Worked, Still First Inning Here
July 01, 2008 at 19:45 PM EDT
CHK & PXP Announce Haynesville JV Anatomy of the deal: Plains Exploration (PXP) Pays Chesapeake (CHK) $1.65 billion for 20% of CHK's Haynesville Shale (H.S.) leasehold. This amounts to 110,000 acres of CHK's now 550,000 acre H.S. position, On the surface this equates to $15,000 per acre, But PXP is carrying 50% of CHK's drilling and completion costs up [...]
