Chesapeake continues acquisition of Utica Shale assets

11/30/2011 | Reuters

Chesapeake Energy continues to purchase properties in the Utica Shale formation in Ohio, Chairman and CEO Aubrey McClendon said. "Right now there's still acreage to be acquired," McClendon said. Chesapeake, however, is facing more competition in the play from ExxonMobil, Hess and other companies.

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