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Chevron's (CVX +0.2%) part in of Chesapeake’s (CHK +0.1%) $6.9B land sale in the Permian...
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Wednesday, September 12, 2012, 10:59 AM ETChevron's (CVX +0.2%) part in of Chesapeake’s (CHK +0.1%) $6.9B land sale in the Permian Basin isn’t a surprise to Tudor Pickering considering the oil giant’s presence there already, but it’s "somewhat surprising" Shell (RDS.A -0.2%) is involved, as it has "not much, if any, Permian exposure currently."
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This news story has 2 comments:
They did nothing.
Now they are again spending their profits buying leases. They must do something with profits!
They will write these leases off also.
RDS is clueless in the Permian.