Chesapeake to Drop New York Leases?
August 14, 2013 | Reuters
Chesapeake Energy has been sitting on thousands of acres of natural gas leases in New York without the ability to drill. The company could be walking away from those leases as they expire instead of renewing them.
Zero Demand for Natural Gas Leases in New York
September 11, 2013 | Bloomberg.com
An article on the Bloomberg website tracks Chesapeake Energy's natural gas activities in New York, from acquiring their first leases in 2000 for a few dollars per acre to walking away from the state and leaving their investments behind.
$12,000 Per Acre for Utica Leases
August 22, 2013 | NASDAQ.com
Aubrey McClendon, former CEO of Chesapeake Energy, and current head of American Energy Partners, is making big bets on the Utica Shale in southeastern Ohio, paying over $12,000/acre for leases.
Related: What is the Utica Shale?