Mouse Over to Stop Rotation & Read Ad

Monday, August 12, 2013

Chesapeake Official Says Shale Drilling in Ohio Will Be Around For a While

From The Salem News:
The Damascus Ruritans hosted Keith A. Fuller, senior director-government affairs and corporate development for Chesapeake, who spoke to the club and several community members about the shale industry and the role of Chesapeake.
Fuller explained that the area is still early in the drilling process, with the company still determining where the product is most plentiful. He said the entire production process requires 10 to 20 years of just drilling, then a period of piping and gathering, before landowners begin to see a money return.
Currently Chesapeake has 11 operational drilling rigs for Uttica shale in Columbiana County, Fuller noted, and the company doesn't want to sink money into a place without knowing if there is a sufficient product. He said the company starts with test wells to determine whether it is efficient to continue drilling, and if a "sweet spot" of high production is found, multi-well pads are built.
Read the whole article here.

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email