OREANDA-NEWS. May 26, 2011. Chesapeake Energy Corp. has been chosen to receive the “Deal of the Year” award from  Oil and Gas Investor magazine.

The award is for Oklahoma-based Chesapeake’s USD 2.2 billion joint venture with CNOOC Ltd., China’s national oil company, to explore the Eagle Ford shale of South Texas. The deal was announced in October.

The award will be presented at Hart Energy’s annual Energy Capital Conference in Houston on June 2.

The magazine termed the Chesapeake-CNOOC deal “groundbreaking,” and a  transaction that will develop “a world-class asset onshore in the U.S.”