Total Sa and Chesapeake's upcoming Ohio Utica Shale "Marriage" (?)

And the winner is...Total SA (?)

Bloomberg report seems to thinks so:  "Total Said to Weight Buying Chesapeake's $2.14 Billion Ohio Stake" 12/7/2011

http://www.businessweek.com/news/2011-12-07/total-said-to-weigh-buy...#

Will the winner please repeat after me "I Shale Take Thee, Chesapeake..."  LOL

"Sister Wives," has nothin' on Chesapeake!  LOL

How many Shale "wives" will that make for Mr. Chesapeake?

Just joking folks...  At least he's marrying for money.

Couldn't pass this one up.  TGIW.  Who knows who Mr. Chesapeake will "propose" to on Thursday, Friday, Saturday....

Still LOL

Tags: chesapeake, ohio, shale, total, utica

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Permalink Reply by DrWAVeSport Cd1 on December 9, 2011 at 8:20

Someone tell me I am not reading this:

"Gateway Energy & Resource Holdings, LLC" is CHK's "Mystery" JV "International Energy Company" Utica Partner???

http://www.prnewswire.com/news-releases/gateway-energy--resource-h...

A Financial Company!!!  Give me a break.

No wonder CHK didn't want to tell...  I'd a kept that one to myself too!  (Just my opine alone...)  Where is the "International ENERGY Company" part?

Chesapeake must think WE are all Fools.

DrWAVeSport Cd1 12/9/2011

Permalink Reply by Skip Peel - Mineral Consultant on December 9, 2011 at 8:24

Check your link, Doc.

Permalink Reply by DrWAVeSport Cd1 on December 9, 2011 at 8:34
Permalink Reply by Skip Peel - Mineral Consultant on December 9, 2011 at 8:50

Sorry, Doc.  Stock related analysis I leave to others.  This ain't a JV.  There are numerous equity firms that specialize in owning and managing energy related assets.  The best and most recent example is KKR's acquisition of Samson Energy.

Permalink Reply by DrWAVeSport Cd1 on December 9, 2011 at 8:56

I almost gave myself an early heart attack.  LOL

CHK does sooooooo many "financing" deals...I get quite confused as to who is zoomin' who.

I need a vacation!

Thanks.

Permalink Reply by DrWAVeSport Cd1 on December 9, 2011 at 8:53

Skip,

Have had e-mails in last few minutes that say Total and Statoil are the JV Utica Partners yet to be announced later.  But, those are still rumors, as much as I can tell.

Gateway E& R Holdings with EIG are additional funding sources per CHK Utica activities.

Keeping fingers crossed. 

 

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