Chesapeake buys Columbia Natural Resources$2.2 billion Appalachian purchase makes Chesapeake third largest holder of proved gas reserves in U.S. Lower 48 states Ray Tyson Petroleum News Contributing Writer
Oklahoma-based exploration and production independent Chesapeake Energy has stepped way out of its traditional hunting grounds, agreeing to buy privately held Columbia Natural Resources and its vast natural gas assets spread across five eastern U.S. states in the Appalachian basin.
The $2.2 billion....
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More rigorous approach planned Acquisition includes 3.1 million acres 9,400 drilling locations identified
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