Chesapeake Energy: $3.3 Billion Spent in Ohio, and Not Done Yet

From the Cleveland Plain Dealer:
This month marks Chesapeake's well-drilling second anniversary in the Buckeye State. 
So far, Chesapeake: 
•Has drilled 134 wells with 65 others drilled but not completed. The company now has 13 drilling rigs in the state and the rights to 1.3 million acres. 
•Has spent $3.3 billion by Sept. 30, which included $2.2 billion in lease payments to landowners. 
•Has paid contractors more than $58 million on road improvement projects. 
•Now employs 550 Ohio residents, up from 40 in January 2011, annually paying them a total of $32 million. 
•Has donated nearly $1 million to charitable groups for Ohio projects.
Read the entire article here. 

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?