Instead, the company will access the gas under the university from two existing wells in industrial areas, said Councilman Joel Burns, who represents the area around TCU.
Some homeowners who live near the school opposed the drilling.
"I applaud both Chesapeake and TCU for heading our request and removing the TCU site from their plans," Burns said. "This is a great example for how a comprehensive approach to gas drilling can work."
A spokeswoman for Chesapeake Energy did not immediately return phone calls seeking comment.