From today’s Chesapeake Energy Corp.’s report from first quarter 2013:
Utica Shale (eastern Ohio, Pennsylvania, West Virginia): Chesapeake is currently operating 14 rigs in the Utica Shale play. As of March 31, 2013, Chesapeake had drilled a total of 249 wells in the Utica, which included 66 producing wells, 86 additional wells waiting on pipeline connection and 97 wells in various stages of completion. Net production averaged approximately 60 million cubic feet of natural gas equivalent (mmcfe) per day during the 2013 first quarter and the company continues to target a year-end 2013 net production exit rate of 330 mmcfe per day. The average peak daily production rate of the 13 wells that commenced first production during the 2013 first quarter was approximately 1,200 boe per day.
Three notable wells completed by Chesapeake in the Utica during the 2013 first quarter are as follows:
- The Coe 34-12-4 1H in Carroll County, OH achieved a peak rate of approximately 1,980 boe per day, which included 235 bbls of oil, 470 bbls of NGL and 7.6 mmcf of natural gas per day;
- The Henderson South 10-12-6 5H in Harrison County, OH achieved a peak rate of approximately 1,625 boe per day, which included 755 bbls of oil, 240 bbls of NGL and 3.8 mmcf of natural gas per day; and
- The Scott 24-12-5 6H in Carroll County, OH achieved a peak rate of approximately 1,530 boe per day, which included 285 bbls of oil, 350 bbls of NGL and 5.4 mmcf of natural gas per day.
Chesapeake is in the process of selling certain noncore Utica Shale leasehold.