Chesapeake has built an industry leading position in the Eagle Ford Shale in South Texas, operating on 625,000 net acres. We are focused on the oil and wet gas portions of the play and will utilize an average of 23 operated rigs in 2011.
As a major participant in Texas’ energy industry, Chesapeake employed approximately 2,000 employees in the state in 2010. We have paid more than $1 billion in corporate and severance taxes to the state since 2005. In addition, we paid more than $5.7 million to Texas royalty owners in 2010. With more than 20 years of industry experience and a reputation as an excellent operator, we look forward to continuing to fueling America’s move to energy independence in the Lone Star State.