Total Reports $2.3 billion U.S. Shale Gas Deal

Reuters reported that Total SA (NYSE:TOT) will invest $2.3 billion to develop the U.S. shale gas reserves in Ohio.

As quoted in the market news:

In a deal with Chesapeake Energy Corp (CHK.N), which the U.S. group announced in November without identifying its partners, Total will take a 25 percent stake in a joint venture covering the Utica Shale area of eastern Ohio.

Click here to read the full Reuters report.