) plan to invest up to $1B
in a Texas clean coal project could be a precursor
to a purchase of Chesapeake's (CHK
) Permian Basin oil fields, Christopher Helman speculates. The project aims to capture CO2 emissions from coal, then inject it into old oil fields to coax out more crude; Helman thinks SNP could be securing a long-term CO2 supply before announcing a CHK deal.