Friday, August 6, 2010

Chesapeake Energy in Niobrara and Eagle Ford Shale

By Andrea:

Chesapeake Energy Corp. (CHK) announced that they own the largest amount of acreage in both the Niobrara and the Eagle Ford Shale. CEO Aubrey McClendon reports:

"We now own the largest inventory of leasehold in two of the top three new unconventional liquids plays in Niobrara and the Eagle Ford Shale, where we now on 675,000 and 550,000 net acres, respectively, located very strategically in the liquids-rich portion of each play. We are especially pleased about our position in the Eagle Ford and are very excited to move forward with the JV on this acreage. We are in good position here with many potential partners, all of whom we believe are working hard to get to the right answer."

For more Shale updates, visit

For more stock market news, visit