Tuesday, April 9, 2013

Chesapeake Looking to Unload About 10% of Utica Shale Acreage

From Nasdaq:
Chesapeake Energy Corp. ( CHK ) is putting up for sale more than 94,000 net acres in the Utica shale formation in Ohio, according to real-estate listings made public Tuesday. 
The parcel would be nearly 10% of the one million net acres Chesapeake owns in the Utica shale formation, a stretch of rock spread between Ohio and Pennsylvania that Chesapeake has said could become a major source of oil and natural gas.
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