As China and Saudi Arabia’s national oil companies vie for a ~$2B 30% stake in U.S. shale...

|By:, SA News Editor

As China and Saudi Arabia’s national oil companies vie for a ~$2B 30% stake in U.S. shale gas firm Frac Tech, the $100M Chesapeake Energy (CHK) paid in 2006 for its own 30% stake looks like an increasingly lucrative investment. CHK hopes to sell its Frac Tech stake early next year, but it would remain one of FTS’s largest customers.