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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:02 EDTPAA, CHKPlains All American acquires Eagle Ford infrastructure assets from Chesapeake
Plains All American Pipeline (PAA) announced that it has acquired certain crude oil and condensate gathering assets located in the Eagle Ford area of South Texas from a subsidiary of Chesapeake Energy Corporation (CHK). The purchase price was approximately $125M. The acquired assets include approximately 40 miles of crude oil/condensate gathering pipelines with a throughput capacity of approximately 50,000 barrels per day; 150,000 barrels of existing crude oil and condensate storage capacity; 300,000 barrels of storage capacity under construction and a truck unloading terminal. In support of the transaction, Chesapeake has provided long-term acreage dedications of future production in Webb and Dimmit counties. The acquired assets are complementary to and will be connected with PAA’s existing crude oil and condensate gathering systems.
News For PAA;CHK From The Last 14 Days
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September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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September 12, 2014
08:05 EDTCHKChesapeake price target lowered to $30 from $35 at Oppenheimer
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September 9, 2014
13:42 EDTCHKChesapeake must face racketeering charges in Michigan trial, Reuters says
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