StatoilHydro, Chesapeake pair up on Marcellus Shale

11/11/2008 | Reuters

StatoilHydro has signed an agreement with Chesapeake Energy for global exploration of unconventional gas. StatoilHydro will get 32.5% of Chesapeake's Marcellus Shale gas acreage in return for $1.25 billion in cash and $2.13 billion in a 75% carry from 2009 to 2012.

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