Chesapeake Energy has used new well-completion techniques to coax more production from its Utica Shale holdings.
Oklahoma City-based Chesapeake has drilled 735 Utica wells in Ohio, the most of any company.
In July, the company’s eight-well Ellie pad in Carroll County’s Orange Township began producing at an initial rate of 1,100 barrels of oil equivalent per well per day. Sixty-five percent of the production came from liquids, the company reported Thursday before a conference call with investors to discuss third-quarter results.
In the dry-gas part of the Utica, the three-well Schiappa Trust A pad in Jefferson County had an initial production rate of 20 million cubic feet of gas per well per day.
The company said new completion techniques improved 120-day Utica well results by 25 percent, and it planned to continue testing new completions designs in the Utica and Marcellus shales.Continue reading this article by clicking here.
Connect with us on Facebook and Twitter!