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Rice paying $336 million for wells, acreage

July 8, 2014
By CASEY JUNKINS - For The Times Leader , Times Leader

After finding 41 million cubic feet of Utica Shale natural gas per day via its Belmont County Bigfoot well, Rice Energy officials are now turning their attention east by paying $336 million to purchase 12 active Marcellus shale wells from Chesapeake Energy.

 
 

 

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