Category: Oil & Gas

POINT ROBERTS, January 5, 2012 - www.InvestorIdeas.com, an investor stock research portal focusing on sector research including energy stocks issues an investor alert for oil and gas stock, Chesapeake Energy Corporation (NYSE: CHK) following news this week of its completion of the $2.32 Billion Utica Shale Joint Venture Transaction with Total E&P USA, Inc. The stock closed Wednesday at $23.86, up 0.26 (1.10%).

 The Company announced Tuesday the completion of a joint venture ("JV") transaction with Total E&P USA, Inc., a wholly owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) ("Total"), whereby Total acquired an undivided 25% interest in approximately 619,000 net acres in the liquids-rich area of the Utica Shale.

Of the JV acreage, approximately 542,000 net acres were contributed to the JV by Chesapeake and approximately 77,000 net acres were contributed by Houston-based EnerVest, Ltd. and its affiliates ("EnerVest"). The JV area covers all or a portion of 10 counties in eastern Ohio (the "JV AMI").

 The transaction, which closed on Friday, December 30, 2011, resulted in combined value of approximately $2.32 billion, of which approximately $2.03 billion was received by Chesapeake and approximately $290 million by EnerVest. Approximately $610 million was paid to Chesapeake in cash at closing and approximately $1.42 billion will be paid in the form of a drilling and completion cost carry, which Chesapeake anticipates fully receiving by year-end 2014.

Investorideas.com Newswire

 Watch and research other energy stocks with the energy stocks directory at Investorideas.com featuring junior and senior energy stocks on the TSX, OTC, NASDAQ, NYSE and ASXhttp://www.investorideas.com/OGSN/Stock_List.asp

 About InvestorIdeas.com:

 InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.

 Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

 Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

 Get Free investor news and stock alerts

 Sign Up: http://www.investorideas.com/Resources/Newsletter.asp

 Join Investor Ideas Get 13 of the best stock directories online;

 Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks (over 1300 green stocks in directory) and more

 Join: http://www.investorideas.com/membership/

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising . www.InvestorIdeas.com/About/Disclaimer.asp

 800-665-0411 - Source - www.Investorideas.com