Given BP's issues right now and how much of their US assets they've been selling off, I don't see it happening. She'll is a little more intriguing and I suppose it could be viewed one of two ways. They just announced that they are abandoning the Mississippi play in Kansas and haven't had a ton of success with their US assets did to lack of experience here (at least recently): so you could either think it isn't going to happen because they haven't had success here and are extremely gassy as a company or they are interested and, like Exxon with XTO, want to buy them as a subsidiary for their experience and position in the US. The market hasn't been greatly kind to Exxon regarding the XTO acquisition though (Exxon is big enough not to care, but it suppressed their stock price for awhile and shareholders have complained), and because of that, the same business analysts that have said CHK could be an acquisition target have said that acquisitions and mergers have been suppressed because of the results of the Exxon/XTO deal, recent spree of shareholder activism, and the industry trend of disintegrating and spinning off separate units of their companies (ex. The Conoco Upstream, Phillips 66 downstream split). CHK owns several operations subsidiaries so when buying CHK, you're not just getting a ton of properties but a drilling company, a frac tech company, several other subsidiaries, and a ton of debt. Will be interesting to see if CHK spins those off, and if someone buys them out at that point or they continue on as an independent.