Chesapeake, Sinopec enter joint venture in Mississippi Lime

07/1/2013 | Motley Fool, The

Chesapeake Energy has finalized the $1.02 billion sale of a 50% stake in the Mississippi Lime formation in Oklahoma to Sinopec International Petroleum Exploration and Production. First-quarter production from the assets totaled about 9,600 barrels of liquids and 54 million cubic feet of natural gas each day.

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