Anschutz Exploration

Chesapeake Energy to purchase Appalachian Basin acreage

Nov. 3, 2010 – In a purchase scheduled to close later this month, Chesapeake Energy will acquire approximately 500,000 net acres of Appalachian Basin leasehold and option rights. Page 7 of the company's Third Quarter 2010 Financial Results News Release includes additional details.

- XXX -