It started in 2008, when Chesapeake sold 32.5 % of its holdings in the Marcellus Shale to Statoil Hydro for $3.375 billion. Since then, there has been increasing interest in partnerships to develop the vast potential of the Marcellus, as the following datelines suggest. Of course, very little of this Marcellus activity is currently geared toward New York State, thanks to the governor’s drawn-out moratorium on horizontal drilling.
4/12/2010 - Source: Reliance to spend $1.7B for Marcellus Shale joint project
3/29/2010 - Statoil pays $253M to purchase more Marcellus Shale assets
3/25/10 - Enbridge seeks to construct pipeline from Marcellus to Chicago
3/22/10 - Chesapeake chief eyes more joint ventures for shale-gas properties
3/16/10 - Penn Virginia Resource to invest in Marcellus Shale pipelines
3/11/10 - EXCO Resources considering venture partners in Marcellus Shale
2/16/10 - Anadarko announces joint venture with Mitsui in Marcellus Shale
12/14/09 - Exxon to buy XTO and Marcellus Shale holdings in $41 billion deal
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