Chesapeake Energy, Sinopec Team Up For $1.02 Billion Mississippi Lime JV

Chesapeake Energy Corp. and Sinopec International Petroleum Exploration and Production Corp. have an agreement providing for Sinopec to pay $1.02 billion for a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma.