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Back You are here: Home Magazine Industry Headlines End-User News Major Oil Companies Sign Multibillion-Dollar Deals with Independent Natural Gas Outfits That Drill in Barnett Shale

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Major Oil Companies Sign Multibillion-Dollar Deals with Independent Natural Gas Outfits That Drill in Barnett Shale

After half-hearted attempts to exploit North Texas' natural gas field, several major oil companies recently signed multibillion-dollar deals with independent natural gas outfits that drill here.

The latest move came Monday, when Chesapeake Energy Corp. announced it sold a quarter of its Barnett Shale assets for $2.25 billion to France's Total S.A., the fifth-largest integrated oil company in the world.

Source: Dallas Morning News

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