Reuters, December 28, 2011 by Joshua Schneyer and Brian Grow
http://www.reuters.com/article/2011/12/28/us-energy-giant-newspro-idUSTRE7BR
0HS20111228
The near-blanket cancellation of the contracts raises the question of whether Chesapeake ever intended to pay if it failed to find oil or gas immediately, says Mark Gergen, a contract law professor at the University of California-Berkeley law school.