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Chesapeake ‘Force Majeure’ Gas Lease Case In New York

by Kenneth E. DuBose on April 9, 2012

Chesapeake and StatoilHydro’s landowner court case in New York is now going to both federal court and arbitration. The case is over whether or not a state moratorium on hydraulic fracturing is sufficient to declare “force majeure”. Chesapeake acquired leases covering thousands of acres in New York at low prices. Many leases signed before the […]

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Statoil Acquires Brigham – Gains Bakken Acreage

by Kenneth E. DuBose on October 17, 2011

Statoil is acquiring Austin based Brigham Exploration in an all cash transaction worth $4.4 billion. The deal builds on Statoil’s current positions in the Marcellus and Eagle Ford shales, as well as giving the company its first operated position in the onshore U.S. The company paid a 36% premium to BEXP’s previous 30 day average […]

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Shale Gas & Oil Boost from Foreign Companies

by Kenneth E. DuBose on August 5, 2011

BG, CNOOC, KNOC, Mitsui, Statoil, and more. The list goes on when you consider the number of foreign companies that have joined the ranks of American Independents to partner in developing U.S. shale gas reserves. U.S. oil companies spent the better part of the last 10 years acquiring acreage across much of North America with […]

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