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) is an integrated oil and gas company that is Europe's second largest supplier of natural gas.
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		+	In November, 2008 it 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.
	According to a June, 2009 report StatoilHydro and Chesapeake had drilled seven wells together during the first half of 2009, slightly fewer than expected according to a StatoilHydro spokesman.		According to a June, 2009 report StatoilHydro and Chesapeake had drilled seven wells together during the first half of 2009, slightly fewer than expected according to a StatoilHydro spokesman.

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Revision as of 19:38, 24 September 2009

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Stavanger, Norway-based Statoil-Hydro (NYSE: STO) is an integrated oil and gas company that is Europe's second largest supplier of natural gas.

In November, 2008 it 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.

According to a June, 2009 report StatoilHydro and Chesapeake had drilled seven wells together during the first half of 2009, slightly fewer than expected according to a StatoilHydro spokesman.

• Helge Lund is Statoil's CEO
• Eldar Saetre is the company's CFO.
• Rune Bjornson is Executive Vice President for Natural Gas.
• Andy Winkle is Vice President of Onshore Gas.
• Peter Mellbye is Head of International Exploration and Production.
• Kjersti H. Torgersen is Vice President of Communications with StatoilHydro U.S.A.