277,000,000 paid to Hallwood Energy in Cleburne Tx.
Posted by Oil Field Trash on July 13th, 2005
My sources tell me that Chesapeake Energy Corp. Out of Oklahoma, will purchase 18000 Ac, of Barnett Shale Leases. Hallwood has proven this lease with several outstanding wells. Chesapeake is known for their advanced Seismic expertise, and will no doubt use these skills to maximize Natural Gas Production. Chesapeake is in the top 10 Natural Gas Produces in the United States. The sale is in Cash 277.000.000. That is a Quarter of a Billion with a B. Right here in Johnson County. Now that’s what I’m talkin about! Hey just give me the Crumbs. Good Oilfield Trash will settle for those crumbs. By the way, Hallwood is moving forward with their long range plans for Barnett Shale Productions. Tear it up boys!!!