Chesapeake Energy: Marcellus Shale Production, Acreage and Rig Count
Monday, August 3rd, 2009
In a news release, Chesapeake Energy says that they are the largest leaseholder in the Marcellus Shale play with 1.45 million acres net. They are the most active driller in the play with 15 rigs and they expect to be the largest natural gas producer from the play by the end of 2009 with 80 mmcfe net per day. And they have increased their average per well yield projection from 3.75 bcfe to 4.2 bcfe.
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