Chesapeake Energy 2006 Annual Report Download - page 18

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Counties with CHK Leasehold
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Chesapeake Energy Corporation 2006 Annual Report
Chesapeake embarked on an aggressive “land grab” in 2000 as we recognized
earlier than most of our competitors that vast new areas of the U.S. would
open up for natural gas exploration and development when new horizontal
drilling and completion technologies were applied to different types of rocks
(now commonly referred to as “unconventional reservoirs”) in a time of
structurally higher natural gas prices. We believed this decade would go down
in oil and natural gas history as a once-in-a-generation opportunity to acquire
leases in the modern day equivalent of the great Oklahoma land rushes of
the late 19th century. Today that land grab is largely over and we believe
Chesapeake won by acquiring a leasehold inventory of 11 million net acres,
on which we expect to drill 26,000 net wells in the years to come.
CHK’s Operating Area Map