According to the listing at Meagher Energy Advisors’ website:
Chesapeake is offering this unique exploration and development opportunity because its current drilling budget is not sufficient to fully develop its leasehold in this area.
In June, Chesapeake CEO Aubrey McClendon said the company’s discovery in Hogshooter Wash would have a “transformational effect” on the company’ performance. A well in play yielded average daily production of 5,400 barrels of oil, 1,200 barrels of natural gas liquids, and 4.6 million cubic feet of natural gas, for a grand total of about 7,350 barrels of oil equivalent in its first eight days of operation. The assets for sale do not include any of the company’s drilling sites in Hogshooter Wash.
Chesapeake’s shares are up about 4.5% today at $20.22 in a 52-week range of $13.32 to $ 29.87.
Paul Ausick
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.