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BHP Billiton Emerges As Buyer Of Chesapeake's Fayetteville Assets

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February 22, 2011

Chesapeake Energy Corporation (NYSE: CHK) has agreed to sell all of the company’s interests in approximately 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play in central Arkansas to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited (NYSE: BHP), for $4.75 billion in cash before certain deductions ...

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