Shale News: Chesapeake Energy, Blackstone Pop Amid News Of Deals
Deal activity is ticking up in the robust shale sector, with oil major Royal Dutch Shell (RDSA) and private equity firm Blackstone Group (BX) partnering to buy BHP Billiton's (BBL) U.S. shale assets, while Chesapeake Energy (CHK) may sell some Louisiana holdings to Tellurian (TELL). Devon Energy (DVN) announced the sale of shale assets worth $553 million two days ago, reportedly to a private equity buyer. Energy Stocks And Industry News: Oil, Gas, Solar, Coal. In December, the Journal reported that state-run oil giant Saudi Aramco was in early negotiations with Tellurian to buy a stake or some of its natural gas.