Chesapeake Energy Corp. has reported a second quarter 2014 update on its Marcellus and Utica shale operations.
Utica Shale (Ohio, Pennsylvania, West Virginia)
Utica net production averaged approximately 67,000 boe per day (125,000 gross operated boe per day) during the 2014 second quarter, an increase of 373% year over year and 34% sequentially. Approximately 10% of the company’s Utica production during the 2014 second quarter was oil, 30% was NGL and 60% was natural gas.