Shale pioneer unloads original field that started it all

Indicted former CEO dead after car crash

America’s shale revolution began in the Barnett Shale fields of North Texas. Now, one of the earliest shale adopters can’t wait to escape this money-losing area.

Chesapeake Energy (CHK), the No. 2 U.S. natural gas company, announced a deal this week to unload its entire Barnett Shale portfolio — for free. Chesapeake won’t receive any cash to transfer its 215,000 acres of natural gas assets in the once-prolific Barnett Shale to a Dallas company bankrolled by a private-equity firm.

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