25 April 2024
Chesapeake buys Bronco Drilling for $315 million, and brings on board 22 drilling rigs
Publication date: 18 April 2011
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US-based natural gas company Chesapeake Energy is to buy the Bronco Drilling Company for $315 million, the company said on Friday. The deal will see Chesapeake, the second largest producer of natural gas in the United States, acquire Bronco’s visual_editorvisual_editor drilling rigs, which it says will help it ramp up its “liquids focused” drilling programme.