Answer; The O&G Companies. Cities, Parishes and State government! Chesapeake (CHK) DID have 500,000 acres under lease, bt recently closed on a transaction with Plains Exploration and Production (PXP) in which they sold 110,000 acres to PXP for $3.3 billion. That's $30,000 per acre and establishes that amount as a "Fair Market Value". Without question that was what is referred to as "An arms l…