Getting your player ready...
The race for the country’s natural gas riches grew more crowded Monday with the announcement that France’s Total SA would spend $2.25 billion to gain new access to deep fields in Texas.
Total’s deal with Chesapeake Energy comes just three weeks after Exxon Mobil said it will buy XTO Energy, another prolific natural-gas company, in a $31 billion all-stock deal.
A year ago, Total bought a 50 percent stake in American Shale Oil, a subsidiary of IDT, which has rights to prospective shale oil development in western Colorado.
