CHART: Chesapeake Energy Owns An Incredible Amount Of Land

Aubrey McClendon, CEO of Chesapeake Energy, famously built his reputation in the energy industry as a “landman”: buying thousands of acres of property with potentially lucrative hydrocarbons underneath. 

These days, with oil and gas prices sitting at lows, McClendon has promised to turn the company into a “manufacturing” company — meaning focusing more on straight drilling, as opposed to flipping real estate. 

But it’s not going to be easy to “dismantle the Chesapeake land machine” as McClendon put it in a recent earnings call — here’s how much land they own (via Credit Suisse):

acreage

It will take years for Chesapeake to scrape the land-froth off its balance sheet and shrink itself into a normal-looking energy player.

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