Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Chesapeake Tags 593 MBOEPD in Q4 Production
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Chesapeake has reported its preliminary Q4 and full year 2017 production results.
Highlights: Average 2017 fourth quarter production projected at 593,000 BOEPD Mid-Continent sales agreements for approximately $500 million Production DetailsAverage daily production for the 2017 fourth quarter is currently projected to be approximately 593,000 barrels of oil equivalent (boe) per day, representing an increase of 15% year over year and 10% sequentially when adjusting for asset sales. This volume consisted of approximately 100,000 barrels of oil, 2.6 billion cubic feet of natural gas and 59,500 bbls of natural gas liquids per day. The increase in production was primarily driven by stronger oil production from the company's Eagle Ford operating area, as well as from significantly higher…
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