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A New Stage in U.S. Shale Gas Development

by Dr. Kent Moors | published November 4th, 2011

Yesterday, Chesapeake Energy Corp. (NYSE:CHK) announced that it was completing two land-leasing deals – on property in the Utica Shale basin – worth as much as $3.4 billion.

Chesapeake will bring in an “international major energy company” to jointly develop some of its Utica acreage. The company is not naming the major, but says the deal should be completed next month.

This marks the beginning of a new stage in shale gas development.

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