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Chesapeake's Anadarko Inventory at Q2: 58 Uncompleted Wells
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Chesapeake Energy Corp. continues to generate steady liquids production growth in the Greater Anadarko Basin primarily from five plays: the Mississippi Lime, Granite Wash, Cleveland, Tonkawa and Hogshooter.
Aggregate net production from these plays during the 2013 second quarter averaged 126,000 boe per day (192,000 gross operated boe per day), an increase of 43% year over year and 11% sequentially. The average peak daily production rate of the 123 wells that commenced first production in the Greater Anadarko Basin during the 2013 second quarter was approximately 800 boe per day. Approximately 38% of the company’s Greater Anadarko Basin production during the 2013 second quarter was oil, 18% was NGL and 44% was natural gas.
Chesapeake is currently operating 26 rigs across these plays, which it plans to reduce to 19 rigs by year end. As of June 30, 2013, the company had an inventory of 58 drilled but uncompleted and/or unconnected wells in the Greater Anadarko Basin.
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