Sinopec to buy stake in Chesapeake assets for $1.02 billion

China Petroleum & Chemical Corp will buy half of Chesapeake Energy Corp’s Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the booming North American shale gas industry.



A 21-st Century Oil Boom In The Lone Star State

The Texas oil industry for several decades seemed headed into territory best described by the old saying “all hat and no cattle.” But the state appears awash again in oil and gas, with drilling fields across the state, including one West Texas shale formation that could dwarf both the Eagle Ford Shale in South Texas and North Dakota’s famous Bakken Shale.



Estimated Ultimate Recoveries In The Permian Part I

The Permian offers one of the most diverse areas as it is a stacked play offering very good results at different depths.



China Co Buys Texas Oil & Gas Field

China’s state owned petrochemical giant Sinochem acquired a 40 percent in Wolfcamp, a well-known shale oil and gas field in the Permian Basin of Texas.