Ellora Energy and Chesapeake Energy Corporation sign an agreement for leasehold in Shelby Co.

Ellora’s recent activity is their binding agreement with Chesapeake Energy Corporation executed on June 4, 2008, in which Chesapeake agreed to acquire a 65% working interest in Ellora’s deep rights in East Texas to target the Haynesville Shale formation. To consummate this agreement between Ellora and Chesapeake, Chesapeake agreed to pay Ellora $350 million in cash.

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Permalink Reply by kittycatmama on July 31, 2008 at 11:41

Who is doing the IPO offering for this company?

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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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