Chesapeake Energy

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Chesapeake Energy Co (CHK.N) is the number one driller of natural gas in the U.S and the largest Marcellus shale leaseholder. It's headquarters is in Oklahoma City, OK.

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 headquartered in Charleston, West Virginia.

The company has 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.

The company also has a large number of drilling permits either accepted or pending in Pennsylvania especially in Bradford, Susquehanna, and Wyoming Counties.

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.

Also in October, Chesapeake applied for a permit to the Delaware River Basin Commission to withdraw roughly 100,000 gallons per day of water from the East Branch at Peas Eddy, Deleware County, New York. The water is for use use in drilling and fracking gas wells. A March, 2009 report indicated Chesapeake had applied to the Commission to withdraw 1 million gallons of water per per day for 30 days from the East Branch of the Delaware River, near Hancock, NY in Deleware County.

In November, 2008 Statoil-Hydro Oil bought about a one-third share in Chesapeake's Marcellus leasehold for $3.4 billion.

Also in late December, 2008 the company took out permits in the Town of Hancock in Delaware County, New York. Five wells are proposed with drilling to begin in 2009.

In January, 2009 the company was found taking out a drilling permit for the Robson Well on Foxhill Road near Brill Road in Oregon Township, about four miles north of Honesdale in Wayne County, Pennsylvania. This well targeted the Oriskany Sandstone. Since considerably less fracking fluid is required for Oriskany wells, there was no review of the well permit by the Delaware River Basin Commission, nor did the Pennsylvania Department of Environmental Protection (DEP) need a Marcellus Addendum for it. Nevertheless, there was some concern expressed by environment advocacy groups that once the well infrastructure, such as holding pit and gas pipelines, was in place that Chesapeake might then reapply to permit the well for drilling to the Marcellus formation. DEP approved clearing the well pad, but as of March, 2009, issuance of the drilling permit was still pending further review.

Chesapeake's CEO is Aubrey McClendon.

Scott Rotruck is Vice President of Corporate Development and spokesman on Marcellus shale drilling.

Yvonne E. Marciano is an Albany, NY-based attorney who represents Chesapeake Energy in New York State.