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September 9, 2013
ALBANY, N.Y. (AP) - A law firm representing landowners in southern New York says Chesapeake Energy has dropped its two-year legal battle to force an extension of 200 expired gas-drilling leases covering 13,000 acres.
Oklahoma City-based Chesapeake had argued that it had the right to extend the leases beyond the five-year expiration date because the state's moratorium on horizontal drilling and high-volume hydraulic fracturing, or fracking, has prevented it from drilling since 2008.
Cindy Manchester, lawyer for the landowners in Broome and Tioga counties, said Monday the victory preserves the precedent set in November when U.S. District Judge David Hurd ruled in the landowners' favor.
Chesapeake's action allows the landowners to seek better lease deals with other energy companies.
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