Even as Chesapeake buys up Bronco Drilling, they are making plans to put major acreage on the selling block in hopes to cut debt. CEO McClendon has stated that the company is looking for a joint venture in the Utica play. With the prospect of a partner sitting out there Chesapeake still looks to up the anti in both the Utica and Mississippian plays by nearly doubling the rig count in both areas.
Chesapeake readies shale sale - Upstream Online
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