text: for the company to find other liquids-rich plays in 2010. 
  The Granite Wash, and other plays with liquids-rich gas 
  production streams, provide the strongest economics in 
  the industry today because they possess the best of both 
  worlds: high-volume natural gas production along with 
  significant volumes of highly valued liquids that dramatically increase 
  investment returns. 
  
  *Generating the highest returns in the company, plays like the Oklahoma Colony Granite*
  *Wash inspire Chesapeake to find other liquids-rich opportunities.*
  
  Marcellus Shale — We first became aware of the Marcellus in 2005 
  when we were negotiating our $2.2 billion acquisition of Appalachia’s 
  second-largest natural gas producer, Columbia Natural Resources, LLC. 
  In 2007 we aggressively accelerated our Marcellus leasehold acquisition 
  efforts and began to prepare for our first drilling activities. By early 2008, 
  we had determined the Marcellus could be prospective over an area of 
  approximately 15 million net acres (approximately five times larger 
  than the prospective Haynesville core area and 10 times larger than the 
  Barnett core area). 
  
  After acquiring 1.8 million net leasehold acres, we entered into a 
  joint venture agreement in late 2008 with Oslo-based Statoil, one of the 