Killajoules

Baker Hughes Opens Marcellus Shale Repair and Maintenance Center
Baker Hughes (NYSE: BHI) announced today the opening of its Hempfield Township, Pennsylvania, repair and maintenance center. The facility will support natural gas well drilling, completion and production operations in the Marcellus Shale. The 57,000-square-foot center represents a $16 million investment and is part of a multiyear $250 million infrastructure investment to support Marcellus Shale operations. Baker Hughes currently operates from 27 locations and employs nearly 1,000 people in the region.

Chesapeake Energy Corporation and CNOOC Limited Announce Eagle Ford Shale Project Cooperation Agreement
Chesapeake Energy Corporation ("Chesapeake", NYSE: CHK) and CNOOC Limited (NYSE: CEO; SEHK:00883) today announced the execution of an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake's 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas. The consideration for the sale will be $1.08 billion in cash at closing, subject to adjustment. In addition, CNOOC Limited has agreed to fund 75% of Chesapeake's share of drilling and completion costs until an additional $1.08 billion has been paid, which Chesapeake expects to occur by year-end 2012. Closing of the transaction is anticipated in the 2010 fourth quarter.

Talisman Energy Acquires Material Position in the Liquids Rich Window of the Eagle Ford Shale Play
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) today announced that it has reached an agreement to acquire additional properties in the Eagle Ford shale play in south Texas.