Statoil-Hydro
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Stavanger, Norway-based '''Statoil-Hydro''' (NYSE: STO), an integrated oil and gas company, in November, 2008 purchased 32.5% of [[Chesapeake Energy|Chesapeake Energy's]] 1.8 million net acre [[Marcellus shale]] leasehold for $3.375 billion. The two companies have entered into a joint venture wherein they will jointly explore the Marcellus drilling rights purchased by Statoil-Hydro in the deal. | Stavanger, Norway-based '''Statoil-Hydro''' (NYSE: STO), an integrated oil and gas company, in November, 2008 purchased 32.5% of [[Chesapeake Energy|Chesapeake Energy's]] 1.8 million net acre [[Marcellus shale]] leasehold for $3.375 billion. The two companies have entered into a joint venture wherein they will jointly explore the Marcellus drilling rights purchased by Statoil-Hydro in the deal. | ||
- | * Helge Lund is Statoil's CEO | + | * Helge Lund is Statoil's CEO |
* Eldar Saetre is the company's CFO. | * Eldar Saetre is the company's CFO. | ||
* Andy Winkle is Vice President of Onshore Gas. | * Andy Winkle is Vice President of Onshore Gas. |
Revision as of 05:29, 22 February 2009
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Stavanger, Norway-based Statoil-Hydro (NYSE: STO), an integrated oil and gas company, in November, 2008 purchased 32.5% of Chesapeake Energy's 1.8 million net acre Marcellus shale leasehold for $3.375 billion. The two companies have entered into a joint venture wherein they will jointly explore the Marcellus drilling rights purchased by Statoil-Hydro in the deal.
- Helge Lund is Statoil's CEO
- Eldar Saetre is the company's CFO.
- Andy Winkle is Vice President of Onshore Gas.