Here's Why Marcellus Shale Play Is So Important For Chesapeake

The Marcellus is one of the company's most lucrative natural gas plays. For instance, the company is targeting a rate of return of over 110% on its wells, assuming that gas prices are around $4 per mcf, with an initial investment of around $7 million per well. This potentially means that the play could remain viable for Chesapeake, even if gas prices were to fall to near $3 levels.