Chesapeake Buys Leases For Barnett Shale Acres

Terzo, Gerelyn
June 2006
Investment Dealers' Digest;6/12/2006, Vol. 72 Issue 23, p10
Trade Publication
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.


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