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Clayton Williams Energy To Acquire 75% Interest In Delaware Basin Oil Play From Chesapeake Exploration: Clayton Williams Energy Is Expanding Its Presence In The Area
GlobalData, March 2011, Pages: 6
Clayton Williams Energy To Acquire 75% Interest In Delaware Basin Oil Play From Chesapeake Exploration: Clayton Williams Energy Is Expanding Its Presence In The Area – Deal Analysis From GlobalData
Summary
Clayton Williams Energy, Inc. (CWEI) entered into an agreement to acquire 75% interest in Delaware basin oil play, from Chesapeake Exploration, L.L.C. (Chesapeake Exploration), a subsidiary of Chesapeake Energy Corporation. The acreage is in the center of a developing oil and gas play called the Wolfbone where wells produce from the Avalon Shale, Bone Springs and Wolfcamp formations at depths of between 8,000 and 13,000 feet.
Scope
- Rationale behind Clayton Williams Energy acquiring assets in Delaware basin,
- Strategic Benefits for the companies involved,
- Geography covered -US
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US' oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions.
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