$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?
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.
Selling Unprofitable Utica Shale?
February 4, 2014 | UPI
Hess sold 74,000 acres of Utica Shale leases for $924 million. They said that the asset had poor economics.
Related: Map showing horizontal well legs in the Utica Shale.