"No-costs" in drilling leases seems to take on a new meaning for Chesapeake (CHK), as a...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

"No-costs" in drilling leases seems to take on a new meaning for Chesapeake (CHK), as a Bloomberg report highlights ways the company has begun reinterpreting in its favor thousands of contracts with landowners from Pennsylvania to Texas. CHK points to a federal court ruling that a provision to pay royalties on “market value” of the gas allows it to deduct costs.