Chesapeake Energy, in its latest newsletter, says it is "encouraged by" the progress it has made in finding an alternate route for the Carter Avenue pipline.
The pipeline will connect two well sites in East Fort Worth was originally proposed to go beneath the front yards of about 30 homes. Residents have been fighting the plan since 2008, and local pols have pressed the Texas Department of Public Safety to allow the pipeline to be laid alongside Interstate 30.
Up to now, Chesapeake has maintained that it still needed to pursue the route down Carter Avenue in case the negotiations for the I-30 route fell apart.
Read below the jump for Chesapeake's statement.