Friday, April 15, 2011

Chesapeake edges its way into the Bakken from the side

Chesapeake Energy is a major player in the horizontal drilling of shale plays in almost all US plays, except the Bakken.  That might be starting to change with this latest development between Bronco Drilling and Chesapeake. With a price tag of $315 million, a deal has been made between the two companies.  Bronco Drilling currently owns 22 rigs, these rigs are mostly in the Bakken and the Anadarko basin.  Chesapeake may not own mineral acreage in the Bakken but one can bet that their involvement through the drilling services will be noticed in Bakken.

Chesapeake catches Bronco - Upstream Online

UPDATE: Chesapeake shows further involvement in the North Dakota.
Link is from Million Dollay Way. Chesapeake drilling in Hettinger County, ND

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