Current TOT Stock Info

Total exercises its preemption rights for 100% ownership of Barnett Shale assets
French oil-major Total (ticker: TOT) announced that it will exercise its preemption right to acquire the remaining 75% interest in its jointly held Barnett Shale operations in North Texas from Chesapeake Energy (ticker: CHK).

Total E&P USA, the company’s U.S. branch, has held 25% interest in the assets since December 2009. Total purchased its original 35% share of the assets for $800 million in cash, plus $1.45 billion toward the field’s development over si...


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