Chesapeake is proudly partnering with thousands of landowners throughout the Marcellus Shale to develop the rich natural gas reserves found beneath their property.
“We are the luckiest people in the whole world right now,” said Chip Lines-Burgess, spokeswoman for the Wyoming County Landowners Group in Pennsylvania, whose membership is collectively leasing 37,000 acres to Chesapeake. “The bonuses paid by Chesapeake will change the lives of many in this county.”
In 2008, Chesapeake paid almost $2.0 billion in royalties to approximately 130,000 individuals, families and other entities across the U.S. These payments served as a pleasant source of additional income during the country’s economic recession.
Royalties aren’t the only way natural gas production stimulates local and state economies. Chesapeake’s business activities enhance the lives of people and businesses in areas where we operate through increased tax revenue, well-paying job opportunities for local residents and additional revenue for community vendors and businesses.