SEPTEMBER 13, 2006 - Posted at 3:58 p.m. CDT
SEARCY, AR - Chesapeake Energy Corporation announced today it will build a regional headquarters in White County. The $1.5 million office near Searcy will have about 30 employees.
Oklahoma City-based Chesapeake Energy is the most active driller of new wells in the nation and a leading consolidator of onshore U.S. natural gas assets.
The Fayetteville Shale natural gas deposits in the state have drawn companies to Arkansas to explore for the fuel.
Chesapeake focuses its operation on exploratory and developmental drilling and on corporate and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions.
Chesapeake is the third-largest independent producer of natural gas in the nation.