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Chesapeake Energy Wants a Marcellus Shale Joint Venture

http://shaleblog.com/2008/chesapeake-cuts-natural-gas-production-estimates/ Chesapeake Energy is looking for a 25% partner in its Marcellus Shale natural gas leases.  They are in discussions with multiple parties and anticipate a close to the transaction by the end of year.  More details in their news release.

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There are 194,500 acres represented in the Coalition as of 8/18/2010. The latest gas offers in New York State are $3000/acre with 20% royalties.

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