Chesapeake and the Williston Basin -- More Than Just the Bakken

There's been a lot of interest lately with regard to Chesapeake coming into North Dakota with a bigger footprint.

I was skeptical how fast Chesapeake could accrue acreage in North Dakota at this late date without attracting attention or buying out a large player already in the Williston Basin. Based on some very perceptive comments from "anonymous" and more specifically "anon 1" I realize I was missing the point.

Three things to remember:

• Chesapeake has historically been focused on natural gas (yes, I know, they are shifting their focus, also, like many other natural gas companies
• The Williston Basin is much more than just the Bakken (click on this site to see a general map)
• The recent story that shallow natural gas has been found under every county in North Dakota (except one)

This is very, very exciting. As "anon 1" said, wouldn't it be interesting if CHK took a large position east of the river?

By the way, the results of yesterday's North Dakota state lease auction are now posted.