HONG KONG -- A Hong Kong-listed Chinese oil company has disclosed that it lost the bulk of its oil and gas rights in the U.S., with the announcement coming years after the contracts were terminated.
CHK Oil released a statement via the Hong Kong Exchange late on Thursday, revealing that it no longer holds three of its four leases to an oil and gas field in the state of Utah. The announcement said the Bureau of Land Management under the U.S. Department of Interior had issued written orders on Nov. 14, 2022, stating that the three leases had been terminated as far back as mid-2020.
