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Chesapeake Sees Haynesville Output Dip; MidCont Plays in Q1
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Chesapeake Energy Corp. has reported a first quarter 2014 update on its MidContinent and Haynesville operations.
Mid-Continent (Oklahoma, Texas Panhandle, southern Kansas):Chesapeake's production in the Mid-Continent comes primarily from five plays: the Mississippi Lime, Granite Wash, Cleveland, Tonkawa and Hogshooter. Aggregate net production from these plays during the 2014 first quarter averaged 101,000 boe per day (177,000 gross operated boe per day). Adjusted for 2013 asset sales, Mid-Continent production increased 4% year over year and decreased 3% sequentially. The sequential production decrease compared to the 2013 fourth quarter was primarily driven by the impact of severe winter weather during the 2014 first quarter as well as fewer new well connections. Approximately 32% of…
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