Chevron Ready To Gear Up

It's been reported that Chevron will drill up to 70 wells in the Marcellus this year. Chevron got into the game when it purchased Atlas Energy in November of 2010. They reportedly paid $9,000 per acre for the huge tracts of land involved. Atlas probably paid landowners anywhere from $100 to $1000 per acre. Someone made a lot of money on this deal.