BP America buys 25% Chesapeake stake
British oil company BP PLC said Sept. 2 that its U.S. unit plans to buy a 25 percent stake in Chesapeake Energy Corp.’s Fayetteville Shale assets in Arkansas for US$1.9 billion. BP said that a letter of intent has been signed for the deal, which comes just a month after BP America bought Chesapeake’....
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