Chesapeake Energy Continues to Expand Production in the Marcellus Shale
Houston Star-Telegram (Feb 16)
Chesapeake reports 19 percent production increase
Chesapeake Energy, one of the largest gas drilling companies in the U.S., recently reported a 19% increase in its natural gas production across all of its shale plays. With respect to the Marcellus, we learn from a Houston Star-Telegram article that:
- Chesapeake has a huge leasehold of 1.6 million net acres in the Marcellus
- Current net Marcellus production equals 65 million cubic feet of gas per day
- Chesapeake expects its Marcellus output will rise to 270 million cubic feet of gas per day by year-end 2010 (over 4x current levels)
- Chesapeake expects its Marcellus output will rise to 450 million cubic feet of gas per day by year-end 2011 (nearly 7x current levels)
- Three recent wells drilled in Susquehanna County (PA) had peak 24-hour rates of 8.7 million, 8.6 million and 8.4 million cubic feet of gas
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nancylee connelly on April 13th, 2010
i live in thompson pa. 4 acres near swamp with its an excellent source of natural gas i signed with applachian, did it all get sold to those who have signed up with app. or will they contact me. im across from thompson township building and next to pennsylvania pa. dot. i thompson. i have my own water source of water it is an underground natural spring not a well. are they aware of that, when r they comming, my water needs to be tested first. anxious and cant wait. i have a good feeling my area is the prime spot