Chesapeake Energy
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| Chesapeake has 1.8 million acres under lease in the [[Marcellus shale]]. Much of its activity in this formation is conducted through its subsidiary, ''Chesapeake Appalachia LLC''. | Chesapeake has 1.8 million acres under lease in the [[Marcellus shale]]. Much of its activity in this formation is conducted through its subsidiary, ''Chesapeake Appalachia LLC''. | ||
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| + | Chesapeake's Appalachian headquarters is located in Charleston, West Virginia. | ||
| The company had leased a combined 4,522 acres as of July 30, 2008 in Sullivan County, New York where there is a reservoir for New York City drinking water. | The company had leased a combined 4,522 acres as of July 30, 2008 in Sullivan County, New York where there is a reservoir for New York City drinking water. | ||
Revision as of 19:37, 3 December 2008
Here is where some info about Chesapeake Energy should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
Chesapeake Energy Co (CHK.N) is the number one driller of natural gas in the U.S. It's headquarters is in Oklahoma City, OK. Its CEO is Aubrey McClendon.
Chesapeake has 1.8 million acres under lease in the Marcellus shale. Much of its activity in this formation is conducted through its subsidiary, Chesapeake Appalachia LLC.
Chesapeake's Appalachian headquarters is located in Charleston, West Virginia.
The company had leased a combined 4,522 acres as of July 30, 2008 in Sullivan County, New York where there is a reservoir for New York City drinking water.
A September, 2008 report indicated drilling in the Elmira, N.Y area.
An October, 2008 report noted a great deal of leasing activity by Chesapeake Appalachia LLC in Bradford County, Pennsylvania. According to the County Registrar of Deeds 2,018 gas leases were signed with Chesapeake and recorded in 2008.
In November, 2008 a report appeared in which Chesapeake sold 32.5% of it's 1.8 million net acre Marcellus shale leasehold to Norway-based StatoilHydro (STL.OL) for $3.375 billion. These funds will be used to pay 75% of Chesapeake's 67.5% share of development and completion expenses.
Chesapeake's CEO is Aubrey McClendon.
