Shell expects Chesapeake boost

Royal Dutch Shell expects “years and years” of production from oil and natural gas acreage it recently bought from Chesapeake Energy and plans to add more drilling rigs, the head of Shell's Americas operations said yesterday. Shell paid $1.94bn last September for 618,000 acres in the Permian Basin, a vast source of oil and natural gas in the western part of Texas. The firm was attracted to the land as it is already producing, meaning production has been proved viable, its chief exec said.