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Chesapeake to Drill 15,000' Haynesville Laterals in Q4 ; Drops Three Rigs in Q3
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Chesapeake reported its Q3 2017 results. Highlights from its release / call include:
Average 2017 third quarter production of 541,600 boe per day Total production reached approximately 584,000 boe per day Rig Count Cut to 14 (-3)Currently utilizing 14 drilling rigs (below the 2017 third quarter average of 17)
5 Eagle Ford 3 Powder River Basin 3 Haynesville 2 Appalachia 1 MidContinent Q3 by PlayHaynesville
Chesapeake plans to drill its first 15,000' laterals in the Haynesville in Q4 2017 The company also expects to drill its first 10,000' enhanced Bossier completionsTouts BSNR Pad Results:
As a result of the success of the BSNR pad, Chesapeake's net production from the Haynesville reached 1 bcf of gas per day, which is the company's highest daily rate since November 2012.
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