Barclays antes $1.15B for Barnett VPP

摘要

Barclays Bank Plc, London, (London: BARC) has acquired producing Barnett shale assets in North Texas from Chesapeake Energy Corp., Oklahoma City, (NYSE: CHK) for $1.15 billion in a five-year volumetric production payment (VPP). The assets include expected production of 280 rnillion cu. ft. of gas per day of net production in 2011. Proved reserves are 390 billion cu. ft. of gas.