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Project of the Month: Barnett Shale

PROPERTY SIZE/END USE: The Barnett Shale, currently the largest natural gas-producing field in the U.S., covers an area of approximately 5,000 square miles in North Texas. Since 2006, Chesapeake has purchased more than 700 acres of Brownfield property in Tarrant and Johnson Counties for the purposes of exploring for and producing natural gas. Approximately 170 of those acres have been cleaned up and put to productive reuse as natural gas production sites, corporate office locations or possible future development sites. Approximately 550 acres of the Brownfield property acquired by Chesapeake has been cleaned up and deemed excess property. This property is not needed for Chesapeake’s operations and will be returned to the real estate market in a much more desirable state. Chesapeake currently has 25 producing natural gas wells on former Brownfields in the Barnett Shale area, producing millions of dollars in revenue for the local economy and creating local…Log In to Read Full Article

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