Chesapeake Scores a $2.3 Billion Contract With Total SA

“PARIS (Reuters) – Oil major Total SA signed a $2.3 billion deal withChesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.

The deal will give Total a 25 percent stake in a joint venture with the two U.S. companies in the liquids-rich Utica Shale area of eastern Ohio, the French company said in a statement on Tuesday.”

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