Credible Rumor: Chesapeake Shopping Utica Dry Gas Assets for $2B

rumor millDid Chesapeake Energy take Williams to the cleaners? Chesapeake Energy has just cut a deal with Williams to shave 25 cents per Mcf off their natural gas gathering fees in the Utica Shale (see this Shale Daily story: Chesapeake Strikes Sweeter Haynesville, Utica Gathering Deals With Williams). In return for the price cut from Williams, Chesapeake agreed to bring more wells online and increase the volume of the gas they send through Williams’ pipes. But what’s this? Credible rumors are swirling that Chesapeake, after winning concessions from Williams, is now looking to dump their dry gas (not wet gas) Utica Shale assets in an effort to raise $2 BILLION. Sure looks to us like Chessy just enhanced the value of their assets in the Utica as a way to turn around and sell it…

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