Chesapeake pays hefty premium for Louisiana fieldGreystone deal pushes independent’s 2004 acquisition total to nearly $1 billion Ray Tyson Petroleum News Houston Correspondent
Rapidly growing independent Chesapeake Energy, with more than seven months remaining in the year, pushed its 2004 acquisition total to nearly $1 billion with the announced $425 million purchase of Greystone Petroleum’s interest in the prolific Sligo gas field in northern Louisiana.
“I think this wi....
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Field has already produced 1.6 tcf Surprises predicted on future production Project production would exceed 950 million cubic feet per day Greystone formed in 1995
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