PRB ACREAGE EXCHANGE: INCREASING EXPOSURE IN A WORLD CLASS OIL PLAY CHK and RKI Exploration & Production, LLC (RKI) announced an agreement to exchange non-operated interests in the Powder River Basin (PRB) Increases CHKs holdings by…
SOUTHERN PRB RESOURCE POTENTIAL Potentially Recoverable Gross Resource of 2.0 Bboe Niobrara 1,500 Mmboe % Recoverable Resources by Formation 50% to 70% oil/condensate Estimated 45 - 60 API gravity Upper Cretaceous(1) 28% 325…
NIOBRARA CONTINUOUSLY IMPROVING ECONOMICS D&C and ROR (%) Cost/Ft. and Lateral Length +20% EUR Targeting avg. rate of return in excess of 40% Cycle times and drilling cost per ft. continue to decline Increasing lateral…
SUCCESSFUL SUSSEX DELINEATION AND ADDITIONAL UPPER CRETACEOUS TESTS RKI Operated Near term activity Sussex III 6 Sussex spuds in 2H14 III Peak 24 Hr. Rate: 877 bbls oil, 35 bbls NGL, 0.5 mmcf 1 Parkman test 4Q14 Drilled…