OFS Portal and Chesapeake Energy Sign eCommerce Agreement
HOUSTON (Jan 27, 2006)
The agreement executed between OFS Portal members and Chesapeake Energy facilitates the exchange of electronic content and transactional information and acknowledges each trading partner’s commitment regarding the use of electronic data.
Chesapeake Energy engages in the development, acquisition, production, exploration, and marketing of onshore oil and natural gas properties in the United States.
OFS Portal is composed of an industry-leading group of world-wide upstream oil and gas suppliers and service organizations and is at the forefront of global eCommerce processes in the oilfield.
The agreement governs key aspects of eCommerce between OFS Portal’s members and Chesapeake Energy. It will help facilitate data exchange and preserves the security of data ownership, confidentiality and reliability of information delivered between trading partners.
About Chesapeake Energy Corporation
Founded in 1989, Chesapeake Energy Corporation is the second largest independent producer of natural gas in the United States. Headquartered in Oklahoma City, the company’s operations are focused on exploratory and developmental drilling and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the U.S. (www.chkenergy.com)
About OFS Portal
Headquartered in Houston, OFS Portal, LLC is the leader in eCommerce in the oilfield industry, working with global standards organizations to converge or develop open and non-proprietary eCommerce standards for use in the upstream oil and gas industry. OFS Portal’s not for profit objective allows the delivery of cost-effective opportunities to make eCommerce a reality for both buyers and sellers. Electronic data is provided in standard format at no cost to OFS Portal members’ customers.
OFS Portal’s members include: Baker Hughes, BJ Services, Cameron, FMC Technologies, Greene, Tweed & Co., Halliburton, M-I Swaco, Schlumberger Oilfield Services, Smith International, Trican Well Services, Vetco International Ltd., and Weatherford International. Membership is open to all oilfield suppliers with activities in the upstream oil and gas sector. (www.ofs-portal.com)