The following remark was made by the CEO of Chesapeake at the
Chesapeake Energy Corporation Institutional Investor and Analyst Meeting
Wednesday, October 13, 2010 8:00 a.m. CT http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=104617&eventID=3305274
"I don't like to buy acreage for fair price, I like to go in and put a play together where we put our army of 5,000 landman to work, and we are buying it lease by lease for a very inefficient cost average to the rest of the industry to try and replicate and we make it a transaction where there is not a public market, it's us and the landowner, and we're gonna most generally going to get the benefit of that side of the transaction, so think about again, every time we move we are buying acreage worth 5 to 10 times what we pay"
chief executive officer, chairman, and co-founder of Chesapeake Energy
- Lessee’s proposed access route to such location;
- Proposed location of tank battery for each well site or central tank battery for the proposed site;
- Proposed location of flow lines from well site to tank battery or gas sales point;