Total Rumoured To Be In The Running For Chesapeake's Utica Acreage

Total is rumoured to be behind a US$2.1bn bid for a slice of Chesapeake's Utica Shale acreage. The deal values the assets at US$15,000/acre, setting a new standard for valuation in the emerging shale play. The deal vindicates Chesapeake's aggressive land acquisition strategy in the play over the last few years and paves the way for a rapid development plan.

To read the full article, please choose one of the following options: