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Chesapeake Hits 189,000 BOE/d Net in Eagle Ford, MidContinent
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Chesapeake Energy Corp. has detailed a first quarter 2013 update on its Eagle Ford and Anadarko Basin operations.
Eagle Ford Shale (South Texas)Chesapeake continues to generate strong liquids production growth rates from its Eagle Ford Shale play in South Texas. Net production during the 2013 first quarter averaged 75,000 barrels of oil equivalent (boe) per day (166,000 gross operated boe per day). This represents an increase of 225% year over year and 20% sequentially. Approximately 65% of the company’s Eagle Ford production during the 2013 first quarter was oil, 18% was NGL and 17% was natural gas.
As of March 31, 2013, Chesapeake had drilled a total of 887 wells in the Eagle Ford, which included 650 producing wells, 34 additional wells waiting on pipeline connection and 203 wells in…
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