Chesapeake Energy Enters into Memorandum

Chesapeake Energy and Bronco Drilling

Chesapeake readies shale sale

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

Chesapeake Energy Moves forward on Bronco Drilling Acquisition

Details for the aquisition of the drilling company can be found at:  Chesapeake Energy to Aquire Bronco Drilling Company

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