COMPANY NEWS: Total, Chesapeake announce Barnett shale joint venture

01/18/2010
Chesapeake Energy Corp. announced a $2.25 billion joint venture agreement with Total E&P USA Inc. in which Total will acquire a 25% interest in Chesapeake's upstream Barnett shale assets.In other recent company news:• Ultra Petroleum Corp., Houston, plans to buy 80,000 net acres prospective for Devonian Marcellus shale gas in central and northern Pennsylvania from an undisclosed private company.• Berry Petroleum Co., Denver, entered into an agreement with an unidentified private seller to acquire interests in producing properties principally in the Wolfberry trend in West Texas for $126 million cash.• Newfield Exploration Co., Houston, and Anadarko Petroleum Corp. plan ...
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