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Chesapeake Enhanced Completions Drive Production Growth; Powder River Monster Well
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Chesapeake provided the following asset update during its 1Q17 earnings call.
Average 2017 first quarter production of 528,000 boe per day, above midpoint of guidance of 515,000 to 535,000 boe per day Oil production expected to reach 100,000 barrels per day by year-end 2017; average 2017 first quarter oil production of 83,700 barrels per day, above midpoint of guidance of 80,000 to 85,000 Boe/d barrels per dayProduction By Operating Areas
The oil growth rate will be driven from three assets: the Eagle Ford, the Powder River Basin and Mid-Continent, which are all poised to deliver stronger volumes as the year progresses. In the Eagle Ford Shale, we set a daily oil production record from a new well with a peak rate of 2,800 barrels of oil per day, or roughly 3,200 barrels of oil…
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