Big News: Marcellus Driller Chief Oil & Gas Shopping Itself for $3B
Once again the crack reporters at the Reuters news service have landed a huge scoop: Chief Oil & Gas, which owns 600,000 acres of leases in northeastern Pennsylvania and produces 1 billion cubic feet (Bcf) of natural gas per day, has hired an investment bank to shop the company for sale. Asking price: $3 billion.
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