WCDO Radio News

Chesapeake Energy has given up a two-year legal fight to retain thousands of acres of natural gas drilling leases in New York State.  The move follows a conflict with landowners in Broome & Tioga Counties, who had leased acreage to Chesapeake over the past decade, the landowners battled Chesapeake to prevent them from extending the old leases under their original terms that were more favorable to Chesapeake then later ones negotiated with various landowners coalitions.  The move now allows those landowners to negotiate with a new driller to operate after New York’s gas drilling moratorium expires.