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Chesapeake's 2018 Drilling & Completion Plans; Haynesville, Powder River, Eagle Ford, Marcellus, Utica
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Chesapeake Energy provided the following outline as a guidance to its 2018 drilling & completion plans. The company is planning to reduce activity in all areas except the Marcellus and Powder River Basin, where completions are set to increase 28 an 18 percent respectively. The company is still planning on growing production even with the reduced level of activity.
Map of Active RigsRig Activity overtime.
The rig activity overtime show the company signifcantly reducing its activity in the eagle ford and Mid-Continent assets.
ProductionIn the Powder River Basin (PRB), strong results from Chesapeake's latest well placed on production in the Turner formation provides additional confirmation of the PRB's potential resource. In December 2017, the LEBAR 15-34-69 A TR 22H…
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