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

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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...

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