Chesapeake Sells 22K Acres in Greene County, PA to Rice Energy

fire saleChesapeake Energy continues to sell off assets in an attempt to boost its stock price and make corporate raider Carl Icahn even richer. The latest fire sale: Rice Energy announced yesterday they’ve picked up 22,000 acres and 12 Marcellus Shale wells from Chessy located in Greene County, PA for $336 million. According to Rice’s President & COO Toby Rice, the acreage is a “high quality” shale asset located in an area they’ve been developing since 2009…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment