Untitled Document
Untitled Document

Chesapeake increases Fayetteville shale year-over-year production by 70%

Chesapeake Energy Corp., the second-largest leasehold owner in the core area of the Fayetteville shale with 465,000 net acres, increased its average daily net production in the play by 10% over the fourth quarter of 2009 and by nearly 70% over the first quarter 2009.

On its Fayetteville leasehold, the company estimates it has approximately 7 tcfe of risked unproved resources and 9 tcfe of unrisked unproved resources.

In the first quarter of 2010, the Oklahoma City-based company posted production numbers of roughly 365 MMcfe net per day from the Fayetteville. The company is currently drilling with 12 operated rigs in the Fayetteville and anticipates operating an average of approximately 10 rigs in the Fayetteville in 2010 to drill approximately 90 net wells.

Three notable recent wells completed by the company in the play are:
• The Stroud 7-9 1-23H14 in White County, AR achieved a peak 24-hour rate of 7.9 MMcf/d;
• The Billy 7-8 2-11H3 in White County, AR achieved a peak 24-hour rate of 6.4 MMcf/d; and
• The Deen 7-8 2-4H10 in White County, AR achieved a peak 24-hour rate of 5.9 MMcf/d.

Related Articles

Rice Energy acquires Marcellus acreage from Chesapeake for $336M

07/07/2014 Rice Energy Inc. has signed a definitive purchase and sale agreement to acquire approximately 22,000 net acres and 12 developed Marcellus wells in western Greene County, Pennsylvania, from Chesapea...

Rose Rock closes assets acquisition from Chesapeake

06/24/2014

Rose Rock Midstream LP has closed its transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corp.

Seventy Seven Energy names COO

06/13/2014 Chesapeake Oilfield Operating LLC (now doing business as Seventy Seven Energy) has appointed Karl Blanchard as COO, effective on the distribution date of the recently announced spin-off of Seventy ...

Chesapeake updates on 2014 asset sales

05/16/2014

Chesapeake Energy Corp. has agreed to sell noncore producing assets in Southwestern Oklahoma, East Texas, and South Texas.

Chesapeake updates on final results of cash tender offer

05/09/2014

Chesapeake Energy Corp. has announced the expiration and final results of its previously announced cash tender offer for any and all of its 9.50% senior notes due 2015.

More Oil & Gas Financial Articles

Rice Energy acquires Marcellus acreage from Chesapeake for $336M

Mon, Jul 7, 2014

Rice Energy Inc. has signed a definitive purchase and sale agreement to acquire approximately 22,000 net acres and 12 developed Marcellus wells in western Greene County, Pennsylvania, from Chesapeake Appalachia, LLC and its partners for approximately $336 million.

Rose Rock closes assets acquisition from Chesapeake

Tue, Jun 24, 2014

Rose Rock Midstream LP has closed its transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corp.

Seventy Seven Energy names COO

Fri, Jun 13, 2014

Chesapeake Oilfield Operating LLC (now doing business as Seventy Seven Energy) has appointed Karl Blanchard as COO, effective on the distribution date of the recently announced spin-off of Seventy Seven Energy from Chesapeake Energy Corp.

Chesapeake updates on 2014 asset sales

Fri, May 16, 2014

Chesapeake Energy Corp. has agreed to sell noncore producing assets in Southwestern Oklahoma, East Texas, and South Texas.

Chesapeake updates on final results of cash tender offer

Fri, May 9, 2014

Chesapeake Energy Corp. has announced the expiration and final results of its previously announced cash tender offer for any and all of its 9.50% senior notes due 2015.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ