Wednesday, May 20, 2026
Chemical giant enters U.S. shale with $1.4 billion acquisition- oil and gas 360

Chemical giant enters U.S. shale with $1.4 billion acquisition

Oil Price One of the world’s largest chemical makers, UK-based INEOS, has entered U.S. oil and gas production after agreeing to buy Eagle Ford assets from Chesapeake Energy for $1.4 billion, thus gaining access to cheaper natural gas.   The deal marks INEOS Energy’s entry as an operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells producing