China Petroleum & Chemical Corp (Sinopec) will purchase half of Chesapeake Energy Corp's Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to increase its presence in the booming North American shale gas industry.Output from shale fields in the United States and Canada has jumped over the last three years due to the advent of drilling methods such as hydraulic fracturing.Companies in China, which has the largest shale reserves in the world, are keen to get the know-how of drilling in such unconventional fields.China's state-owned CNOOC Ltd has struck a deal to buy Canadian oil and gas company Nexen Inc for $15.1 billion, while Pioneer Natural Resources Co said last month it would sell a stake in its assets in the Wolfcamp shale field of Texas to Sinochem Group for $1.7 billion.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO fell by 0.01% or $-0.02/share to $198.31. In the past year, the shares have traded as low as $171.58 and as high as $230.74. On average, 77642 shares of CEO exchange hands on a given day and today's volume is recorded at 22920.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. Shares of CHK fell by 4.0% or $-0.82/share to $19.68. In the past year, the shares have traded as low as $13.32 and as high as $26.09. On average, 14125300 shares of CHK exchange hands on a given day and today's volume is recorded at 11890631.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.04% or $-0.01/share to $27.42. In the past year, the shares have traded as low as $14.63 and as high as $27.45. On average, 10587000 shares of NXY exchange hands on a given day and today's volume is recorded at 2519940.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 0.61% or $0.17/share to $28.14. In the past year, the shares have traded as low as $15.18 and as high as $28.13. On average, 1688040 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 766623.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa. Shares of PXD fell by 0.73% or $-0.93/share to $126.07. In the past year, the shares have traded as low as $77.41 and as high as $133.68. On average, 1632820 shares of PXD exchange hands on a given day and today's volume is recorded at 315911.
China Petroleum & Chemical Corporation is an energy and chemical company. Shares of SNP traded higher by 0.14% or $0.16/share to $112.91. In the past year, the shares have traded as low as $82.51 and as high as $122.81. On average, 81379 shares of SNP exchange hands on a given day and today's volume is recorded at 7536.
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