Chesapeake invests in Louisiana's Haynesville Shale

Chesapeake Energy agreed to pay $178 million to jointly develop Goodrich Petroleum’s properties in the Haynesville Shale formation of Louisiana, Bloomberg News reports. Chesapeake, which also agreed to buy another producer’s stake in one of the properties, will operate the joint venture, the companies said Monday, according to Bloomberg. Chesapeake said in March that the Haynesville shale may be its most promising discovery, rivalling the quality and scope of the Barnett Shale, Bloomberg notes.

Here's Jim Fuquay's print story on the agreement; in it, EnCana also says it's bumping up its Haynesville Shale holdings.

-- Scott Nishimura

Comments

[Keith]

has there been reports of companies taking men off Barnett to work on haynesville?