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Chesapeake Drops 2-Year Legal Fight for Drilling Leases in Fracking-Shy New York

2013-08-07 07:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Chesapeake Energy has given up a two-year legal fight to retain thousands of acres of natural gas drilling leases in New York state, landowner and legal sources told Reuters. Landowners in Broome and Tioga counties, who had leased acreage to Chesapeake over the past decade, had battled the pioneering oil driller in court to prevent it from extending the leases under their original terms, many of which were agreed to long before a boom in hydraulic fracturing swept the United States. But Chesapeake...

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