Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.
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Chesapeake Expands TX Gas Holdings with $277M Hallwood Purchase
Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.
December 1, 2004
Chesapeake Expands TX Gas Holdings with $277M Hallwood Purchase
Chesapeake Energy Corp. said Tuesday it is buying an 18,000-acre property in Johnson City, TX for $277 million in cash from the privately held Hallwood Energy Corp. The property holds an estimated 135 Bcfe of proved reserves, 145 Bcfe of probable and possible reserves, and net production of 25 MMcfe/d.
December 1, 2004
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