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Thursday, 24 July, 2008, 09:40 GMT | more prices >>

Chesapeake moves on Barnett Shale

By Upstream staff

US player Chesapeake Energy is set to buy about 2000 undeveloped leasehold acres in the Barnett Shale play in Tarrant county, Texas, from Western Production and a partner.

Chesapeake added it reached a land services agreement whereby Western's affiliate, Axia Land Services, will acquire leases on Chesapeake's behalf in certain areas of Tarrant county.

Financial details of the deals were not immediately available.