November 8, 2011 - Chesapeake Energy (CHK) said in their last conference call that they will not be chasing land acreage in the
Tuscaloosa Marine Shale. Chesapeake Energy (CHK) said that based on what they are seeing, mineral rights are to expensive in the Tuscaloosa Marine Shale. They also stated that they will not be chasing anything in California such as the Elm County Field or the Monterey Shale.
The Tuscaloosa Marine Shale has been hitting the news lately on some nice oil wells being drilled. The Tuscaloosa Marine Shale is located in south Louisiana and Mississippi.
