11
Nov
CHK Inks Marcellus Deal
The Money: $3.375 billion: $1.25 billion cash upfront; $2.125 billion in drilling costs over 2009-2012. The Position: CHK gives up 32.5% of their Marcellus position (or 600,000 acres of their 1.8 million acre position). The company had been looking to farm out 25% of their leading position in the play but at the present time [...]