Acquisitions & Divestitures

?Tucked in the hills of northern Pennsylvania along the Susquehanna River Valley, the crew of Chesapeake Energy Corp.’s Nomac 245 rig spudded the Otten #2H in a 22-degree February day that carried a biting wind. Its target: the Marcellus shale 7,500 feet below.

This particular well, near Towanda, in Bradford County, and one of the northernmost drilled by Chesapeake to date, will feature a 4,000-foot horizontal lateral and multiple fracs. A similar well three miles north, Chancellor #1H, was brought on line days earlier. While undisclosed, a field rumor is ...