First Choice Energy

Friday, December 21, 2012

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. 

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