Chesapeake In Talks To Drop Some Embattled NY Gas Leases

Law360, New York (August 7, 2013, 2:50 PM EDT) -- A unit of Chesapeake Energy Corp. is in negotiations to possibly release some of the natural gas drilling leases held by New York landowners who have been fighting for the right to renegotiate them at more favorable terms, a source told Law360 on Wednesday.

The leases at the center of the talks represent only a small percentage of the thousands that Chesapeake Appalachia LLC has been attempting in recent years to extend on original terms, according to a source close to the deal. Negotiations are ongoing,...
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