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Sinopec To Pay $1B For Half Of Chesapeake Okla. Gas Play

By Jake Simpson (February 25, 2013, 3:03 PM EST) -- Chesapeake Energy Corp. has agreed to sell a 50 percent stake in nearly 1 million acres of its natural gas play in northern Oklahoma to a subsidiary of China Petroleum & Chemical Corp. for roughly $1 billion, the Oklahoma City-based company announced Monday....

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