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Tuesday, February 22, 2011

Chesapeake SELLS ALL OF FAYETTEVILLE SHALE INTEREST TO BHP Billiton for 4.75 Billion

Watch out my friends in PA.  Now they're (CHK) LOADED! 4.75 Billion Dollars to frack the heck out of the Marcellus.  Watch out my friends in Arkansas.  Our new overlords probably think they've made it to frackin' heaven because their friend Chesapeake probably told them how cooperative we are.  Passive.  Meek.  They don't know us very well. 
Read story here and here.

2 comments:

  1. Chesapeake may want to get out before the moratoriums hit and the lawsuits come in hot and heavy-

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  2. I agree! Also, they sold all their pipelines interests to this outfit along with the rest of their shale interests. I don't think they want to own pipelines if these gas companies trigger a big earthquake. I'm doubt if they built these to be earthquake proof.

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