McClendon said the company will disclose by year-end the name of an "international company" that earlier this month signed a letter of intent to pay $2.14 million for a 25% minority stake in 650,000 acres of the company's Utica Shale in eastern Ohio. The deal focused on the oil and liquids production of the Utica, the company said.Anyone want to place a bet that it will CNOOC? Gazprom?
McClendon declined to give more details about the possible partner, but said it was not India's Reliance Industries, which some analysts speculated was the unnamed partner.
Thursday, December 1, 2011
Chesapeake to Announce Joint Venture Partner in Ohio Utica When Natural Gas Prices Recover
Link here.
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