TITLE

Chesapeake Buys Leases For Barnett Shale Acres

AUTHOR(S)
Terzo, Gerelyn
PUB. DATE
June 2006
SOURCE
Investment Dealers' Digest;6/12/2006, Vol. 72 Issue 23, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Chesapeake Energy has purchased $932 million worth of natural gas acreage to improve its position in the North Texas basin, in one of four deals related to the Barnett Shale. Chesapeake is the top natural gas producer in the U.S. The acquisitions take the company to the number-three spot in the Barnett basin, where prime drilling leases are relatively few.
ACCESSION #
21258637

 

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